Wildhorse Manufacturing Ltd. has the following cost and production data for the month of November....
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Accounting
Wildhorse Manufacturing Ltd. has the following cost and production data for the month of November. Conversion costs are incurred uniformly throughout the process.
Units in beginning work in process
19,200
Units started into production
102,900
Units completed and transferred
92,300
Units in ending work in process
29,800
The ending inventory was 40% complete for conversion costs. Materials are added at the beginning of the process. Costs pertaining to the month of November are as follows:
Beginning inventory costs are:
Direct materials
$63,500
Direct labour
19,300
Manufacturing overhead
14,200
Costs incurred during November include:
Direct materials
$553,105
Direct labour
195,000
Manufacturing overhead
344,710
Show the assignment of costs to units completed and transferred out and to work in process at the end of the period. (Round answers to the nearest whole dollar, e.g. 5,275.)
Transferred out
$enter a dollar amount
Work in process
Direct materials
$enter a dollar amount
Conversion costs
enter a dollar amount
enter a subtotal of the two previous amounts
Total costs
$enter a total amount
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