Tree Top Company manufactures a single product and uses a process costing system.

Asked by bizgrad
Dated: 7th Jan'18 02:28 AM
Bounty offered: $9.00

Tree Top Company manufactures a single product and uses a process costing system. On the first day of April, there were 5,000 units in process that were 100% complete as to direct materials and 50% complete as to direct labor and manufacturing overhead. During the month of April, the company began production of 100,000 units, and at the end of April, the Work-in-Process inventory consisted of 2,000 units that were 100% complete as to direct materials and 80% complete as to direct labor and manufacturing overhead. The company’s cost information is as follows:

Beginning Work-in-Process

Costs Added In April

Direct materials

$3,000

$65,250

Direct labor

$125

$6,151

Manufacturing overhead

$175

$7,147

Calculate the cost of units manufactured during April and the cost of Work-in-Progress at the end of April.


Tree Top Company manufactures a single product and uses a process costing system.
Answered by bizgrad
Expert Rating: 2371 Ratings
Dated: 7th Jan'18 02:28 AM
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