need help finding the total cost accounted for Elliott...
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need help finding the total cost accounted for
Elliott Company produces large quantities of a standardized product. The following information is available for the first process in its production activities for March Units Beginning work in process inventory Started Ending work in process inventory Status of ending work in process inventory Materiale-Percent complete Conversion-Percent complete 500 5,000 1,000 Costs Beginning work in process inventory Direct materials Conversion $ 865 1,656 Direct materials added 1001 Direct labor added 301 Overbead applied (1408 of direct labor) Total costs to account for Ending work in process inventory duces large quantities of a standardized product. The following information is available for the first process tivities for March 500 5,000 1.000 Conts Beginning work in process inventory Direct materials Conversion 865 1,656 in process inventory process inventory I work in process inventory rent complete scent complete Direct materials added 1001 Direct labor added 301 Overhead applied (1408 of direct labor) Total costs to account for Ending work in process inventory $ 2,521 40,000 32, 430 45,402 $120, 353 $ 12,998
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