Kramer company started its production operations on august, Accounting Basics

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Kramer company started its production operations on august

Problem

Kramer company started its production operations on August 1st. During August, the printing Department completed 17,600 units. There were 4,400 units in ending inventory which were 80% complete with respect to materials and 10% complete with respect to conversion cost. during August, the department accumulated materials cost of 45408 and conversion cost of 76,6700. Required:

a) Calculate the cost of the goods transferred out.
b) What is the value of the ending inventory?

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Accounting Basics: Kramer company started its production operations on august

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Accounting Basics: Kramer company started its production operations on august

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