John's Pound Cake uses a process order system. Calculate the price per pound cake for...
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John's Pound Cake uses a process order system. Calculate the price per pound cake for August based on the following information: Beginning work in process inventory 1,000 pound cakes. Pound cakes placed in service 15,000 pound cakes Ending Work in Process Inventory 2,000 pound cakes. The pound cakes are 100% complete as to material and 50% complete as to direct labor and manufacturing overhead. The Manufacturing Costs for August are: Direct Material $5,000 Direct Labor $4,000 Manufacturing Overhead $2,000.
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