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)
The parts of this question must be completed in order. This part will be available when you complete the part above.