1. A company uses process costing to assign product cos

1.
A company uses process costing to assign product costs. Available inventory information for a period is as follows:
Inventory (in units) Material cost Conversion cost
Beginning 0
Started during the period 15000 $ 75000 $55500
Transferred out 13500
End of Period 1500
The ending inventory was 25% complete as to the conversion cost. 100% of direct material was added at the beginning of the process. What was the total cost transferred out?
2.
Alfredo Company has a job-order cost system. The following debits (credits) appeared in the Work-in-Process account for the month of June.
June 1 balance $12000
June 30 direct materials 50000
During the month of June direct labor totaled $30000 and $24000 of overhead was applied to production. Finished Goods was debited $100000 during June
Afredo Company applies overhead at a predetermined rate of 80% of direct labor cost. Job number 83 the only job still n process at the end of June has been charged with manufacturing overhead of $3400.
What was the amount of direct materials charged to Job number 83?
Attachments:

You can place an order similar to this with us. You are assured of an authentic custom paper delivered within the given deadline besides our 24/7 customer support all through.