The ledger of Hannon Company has the following work in process account
*E3-19Â The ledger of Hannon Company has the following work in process account.
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Work in Process—Painting
|
3/1
|
Balance
|
3,680
|
3/31
|
Transferred out
|
?
|
|
3/31
|
Materials
|
6,600
|
|
3/31
|
Labor
|
2,500
|
|
3/31
|
Overhead
|
1,150
|
|
3/31
|
Balance
|
?
|
Â
|
Production records show that there were 800 units in the beginning inventory, 30% com- plete, 1,200 units started, and 1,500 units transferred out. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process. Han- non uses the FIFO method to compute equivalent units.
Instructions
Answer the following questions.
(a)Â Â How many units are in process at March 31?
(b)Â Â What is the unit materials cost for March?
(c)Â Â Â What is the unit conversion cost for March?
(d)Â Â What is the total cost of units started in February and completed in March?
(e)Â Â Â What is the total cost of units started and finished in March?
(f)Â Â Â What is the cost of the March 31 inventory?
Answers
Status NEW
Posted 25 May 2017 11:05 AM
My Price 10.00
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Attachments
file 1495712049-1356116_1_636312125013998736_1356116.xlsx preview (237 words )
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