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Data for Osaka Corporation for the Month of June 20xx

question 34

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Data for Osaka Corporation for the month of June 20xx are as follows:
 Beginning work in process inventory:  Operations for the month of June:  Units - 800 Units started-14,000  Direct materials - 100% complete  Direct materials costs- $57,400 Conversion costs- 70% complete  Conversion costs- $50,122Direct materials costs $2,860Conversion costs- $2,150Ending work in process inventory:Units 1,500Direct materials 100% complete Conversion costs- 30% complete\begin{array}{ll} \text { Beginning work in process inventory: } & \text { Operations for the month of June: } \\\text { Units - } 800 & \text { Units started-14,000 } \\\text { Direct materials - } 100 \% \text { complete } & \text { Direct materials costs- } \$ 57,400 \\\text { Conversion costs- } 70 \% \text { complete } & \text { Conversion costs- } \$ 50,122\\ \text {Direct materials costs \( -\$ 2,860 \)}\\ \text {Conversion costs- \( \$ 2,150 \)}\\ \text {Ending work in process inventory:}\\ \text {Units \( -1,500 \)}\\ \text {Direct materials \( -100 \% \) complete }\\ \text {Conversion costs- \( 30 \% \) complete}\\\end{array} Assume the company uses average costing method.
Prepare a process cost report for June.

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