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Format Painter Font Alignment lipboard | | x ACC 212 (FALL 2017) , Harbor Manufacturing...

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Accounting

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Format Painter Font Alignment lipboard | | x ACC 212 (FALL 2017) , Harbor Manufacturing Company uses a process cost accounting system. Materials are added at the beginning of the process. Direct labor and overhead are added evenly throughout the process. The company uses monthly reporting periods for its weighted-average process cost accounting. The following are the operating and cost data information for October. The October 1 beginning Goods in Process Inventory consisted of 20,000 units. The costs for this inventory are: Direct materials $82,500 Direct labor $24,400 Factory overhead $48,800 Factory overhead is applied at 200% of direct labor cost. During October the company added the following costs to its Goods in Process 19Inventory: 20 21 Direct materials-$240,000 Direct labor $68,000 Factory overhead $136,000 23 24 During October, the company completed and transferred 60,000 units of its product to finished goods. At the end of the month, the goods in process inventory consisted of 15,000 units that were 40% complete with respect to conversion costs (direct labor and factory overhead) and 100% complete with respect to materials. instructions que stion 1 Question 2 Question a llti Question 4C

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Accounting