A company uses the weighted average method in its

Reference no: EM13579313

A company uses the weighted average method in its processing costing system and a normal costing system in the application of manufacturing overhead in production. MOH costs are applied to production at a rate of $4 per machine hour. All direct materials are added at the beginning of the production process. The following data relate to the operation of the company's first processing department for august 2012 Beginning WIP 800 units Started 16,000 Ending 300 units - 40% complete with respect to conversion costs On July 31st, 1300 of direct materials and 2400 of conversion costs were assigned to units in ending inventory. During august 47,000 of direct materials were requested for production and 216,000 of direct labor costs were incurred. Actual machine hours logged during august were 70,300. The costs assigned to each completed and transferred out during august were?

Reference no: EM13579313

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