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Work in process on June 1 had 250,000 units made up of the following: Amount Degree of Completion Prior department costs $387,600...

This question was created from 061425.pdf https://www.coursehero.com/file/26517448/061425pdf/

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What are the steps for creating a production cost report using the FIFO method using the beginning direct materials costs as of June 1 listed in work-in-process as $315,700 instead of $317,200

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Work: in precess en June 1 had 250,000 units made up at the tendering; —— Degree of Emulator- F'ridr department tests $331000 100%
transferred in from the Farming Department Casts added by the Sten't- iaattdn Department: Direct materials 311200 Manuracmnnwemeau m— — mam —
Wart-z in process, .June‘i $801,050 — During June, 530,000 units were transferred in from the Farming Department at a cast at
$1 ,ETflflflD- The Assembling Department added the fellewing casts: Direct materials ESE-4,300 Direct latter 313,000
Manufacturing avemead Tetal dusts added $1,495,400 Assembling finished 430,000 units and transferred Them to the Sterilizatidn Department-
At June 31, 225,000 units 1.Irere still in werlc-in-prd-eess inventnry. The degree of completion
of werlr—in-prneess inventnr'f at June 30 was as indicated below: Directmatenans
Direcnabm _

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