Information for Milton,Inc.in July for the Finishing Department,the second stage of the production cycle,is as follows: Material costs are added at the end of the process.The ending work in process is 40% complete as to conversion costs.Ignoring any transferred in costs,how would the total costs accounted for be distributed using the average cost method?

Question

Information for Milton,Inc.in July for the Finishing Department,the second stage of the production cycle,is as follows:  Material costs are added at the end of the process.The ending work in process is 40% complete as to conversion costs.Ignoring any transferred in costs,how would the total costs accounted for be distributed using the average cost method?

Quizplus · Accepted Answer

The Answer of Information for Milton,Inc.in July for the Finishing Department,the second stage of the production cycle,is as follows:  Material costs are added at the end of the process.The ending work in process is 40% complete as to conversion costs.Ignoring any transferred in costs,how would the total costs accounted for be distributed using the average cost method?