Smith Electronic Company’s chip-mounting production department
had 300 units of unfinished product, each 50% completed on
September 30. During October of the same year, this department put
another 900 units into production and completed 1,000 units and
transferred them to the next production department. At the end of
October, 200 units of unfinished product, 70% completed, were
recorded in the ending Work-in-Process Inventory. Smith Electronic
introduces all direct materials when the production process is 50%
complete. Direct labor and factory...