The ledger of Custer Company has the following work in process account..
The ledger of Custer Company has the following work in process account.
Work in Process—Painting 5/1 Balance 4,620 5/31 Transferred out ? 5/31 Materials 6,430 5/31 Labor 3,900 5/31 Overhead 2,310 5/31 Balance ?
Production records show that there were 430 units in the beginning inventory, 30% complete, 1,400 units started, and 1,580 units transferred out. The beginning work in process had materials cost of $2,880 and conversion costs of $1,740. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process.
(a), (b) and (c)
(d) and (e)
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