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Information for illustration Wor - in - ProcessMarch 01 - 20,000Units Direct Materials: 100%Complete, Cost of* Conversion 10%Complete, Cost of* Balance in Work in Process, March 01*

Amount

$50,000 $7,200 $57,200

30,000

Unit s

Units Completed During March and Transferred out of the Cutting Department

40,000

Unit s

Work - in - Process,March 31 Direct Materials: 100%Complete Conversion 50%Complete

10,000 ??? ???

Costs Incurred During March: Direct Material

$90,000

Units Started During March

Conversion Costs: Direct Labor Applied Manufaturing Overhead** Total Conversion Costs * TheseCosts were incurred during the period month, February ** (Predetermined overhead Rate) * (Direct Labor Cost) = 125%* 86,000= $ 107,500

$86,000 $107,500 $193,50 0

Unit s

illustration example  

Work - in - Process,March 31 10,000 $193,50 0 Unit s Unit s Amount Total Conversion Costs Information for illustration Units Completed Durin...