Information about the july inventories follows use this

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Reference no: EM13571718

Cash -- $280,000

Raw Materials Inventory -- 32,000

Goods in Process Inventory -- 31,000
$2,800 of direct materials
5,000 of direct labor
23,200 of overhead

Finished goods inventory -- 124,000

Capital, Major League Bat Comapny -- 467,000

Sales --

Cost of goods sold --

Factory Payroll --

Factory overhead --

1. Information about the July inventories follows. Use this information to prepare a process cost summary, assuming the weighted-average method is used. (Round your cost per EUP answers to 2 decimal places for "Cost per EUP" and "Cost assignment and reconciliation".

Units

Beginning Inventory 7,000 units
Started 10,200 units
Ending Inventory 8,500 units

Beginning Inventory

Materials - Percent complete - 100%

Conversion Costs - Percent complete - 80%

Ending Inventory

Materials - Percent complete - 100%
Conversion Costs - Percent complete - 60%

Reference no: EM13571718

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