Suburbia Company manufactures a product through a continuous
single-step process. All materials are added at the beginning of
processing. Production and cost data for the company for February
2016 are as follows:
Production data:
In process, beginning of month
(20% converted)
1,000 units
Started during February
5,000 units
Completed and transferred to
finished goods
4,500 units
In process, end of month (60%
converted)
1,500 units
Manufacturing costs:
Work in process, beginning
(Materials $3,000; Conversion Costs: $18,360)
$21,360
Materials
$45,000
Direct...