Glazer Inc. has the following production data for June:
Transferred out 50000 units
Ending work in process 5000 units
The units in work in process are 100% complete for materials and 60% complete for conversion costs. Materials costs are $3 per unit and conversion costs are $6 per unit.
Instructions
Determine the costs to be assigned to the units transferred out and the units in ending work in process.

Question

Quizplus · Accepted Answer

The Answer of Glazer Inc. has the following production data for June:
Transferred out 50000 units
Ending work in process 5000 units
The units in work in process are 100% complete for materials and 60% complete for conversion costs. Materials costs are $3 per unit and conversion costs are $6 per unit.
Instructions
Determine the costs to be assigned to the units transferred out and the units in ending work in process.