Question
The ledger of Marigold Company has the following work in process account. Work in Process—Painting 5/1...
The ledger of Marigold Company has the following work in process
account.
|
Work in Process—Painting |
|||||
| 5/1 | Balance | 3,790 | 5/31 | Transferred out | ? |
| 5/31 | Materials | 5,670 | |||
| 5/31 | Labor | 4,104 | |||
| 5/31 | Overhead | 1,680 | |||
| 5/31 | Balance | ? | |||
Production records show that there were 500 units in the beginning
inventory, 30% complete, 1,800 units started, and 1,500 units
transferred out. The beginning work in process had materials cost
of $2,840 and conversion costs of $950. The units in ending
inventory were 40% complete. Materials are entered at the beginning
of the painting process.
How many units are in process at May 31?
Work in process, May 31 ______ units
What is the unit materials cost for May?
The units materials cost for may _______
What is the unit conversion cost for May?
The unit conversion cost for May_____
What is the total cost of units transferred out in May?
Total total cost of units transferred out in May______?
What is the cost of the May 31 inventory?
Work in process_____?
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