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Tomlinson Company Has the Following Production Data for May \bullet Beginning Work in Process, 0 Units

question 24

Essay

Tomlinson Company has the following production data for May:
\bullet Beginning work in process, 0 units
\bullet Units started, 62,000
\bullet Ending work in process, 7,000 units that are 100% complete for materials and 60% complete for conversion costs
\bullet Unit materials cost, $5
\bullet Unit conversion cost, $10
Instructions
Determine the costs to be assigned to the units transferred out and the units in ending work in process.


Definitions:

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