Reference no: EM132772111
Question - Jelly Products work in process T account for July month is:
Work In process Debit side:
Inventory July 1: 63,700
Materials 397,600
Conversion 187,600
What is the ending Inventory for July?
How many units were completed and transferred to the next department?
The July 1 work in process inventory consisted of 35,000 pounds with $43,400 in materials cost and $20,300 in conversion cost.
The July Work in process 100% complete with respect to materials and with respect to conversion was 80% complete.
During July, 280,000 were started into production.
The July 31 inventory consisted of 45,000 pounds that were 100% complete with respect to Materials and 60% complete with respect to conversion.
The company uses the weighted average method to account for units and costs.
Determine the cost of the units completed and transferred to the Blending Department during July.