The Flannigan Factory Was Recently Formed to Product a Specialized

question 60

Essay

The Flannigan Factory was recently formed to product a specialized part that forms and essential part to go on a refrigerator.The direct materials are added at the start of the production process while conversion costs are added uniformly throughout the production process.December is Flannigan's first month of operations;and,therefore,there was no beginning inventory.Direct materials cost for the month totaled $1,200,000,while conversion costs equaled $1,600,000.The accounting records indicate that 500,000 parts were started in December and 400,000 parts were completed.
Ending inventory was 30% complete as to conversion costs.
Required:
a.What is the total manufacturing cost per part for December?
b.Allocate the total costs between the completed parts and the parts in ending inventory.

---

Definitions:

Game Show

A television or radio program in which participants play games or answer questions to win prizes.

Alternatives

Different options or choices available in any given situation.

Approach-Avoidance

Refers to the conflict that occurs when a single goal or event has both attractive and unattractive aspects, leading to ambivalence in decision making.

Repairs

The process of fixing or restoring something that is broken or damaged, returning it to a functional or usable state.