The Inventory at May 1 and the Costs Charged to Work

question 67

Essay

The inventory at May 1 and the costs charged to Work in Process--Department B during May for Stella Company are as follows:


During May, all direct materials are transferred from Department A, the units in process at May 1 were completed, and of the 55,000 units entering the department, all were completed except 6,000 units which were 70% completed. Inventories are costed by the first-in, first-out method.
Prepare a cost of production report for May. Round unit cost data to four decimal places and total cost to nearest cent.

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Definitions:

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Involuntary facial expressions that occur momentarily and reveal a person's true emotions, even if they are trying to conceal them.

Gymnasts

Athletes who perform exercises requiring strength, flexibility, balance, and coordination, particularly on apparatus such as bars, beam, or mats.

Buddhists

Followers of Buddhism, a spiritual tradition that focuses on personal spiritual development and the attainment of a deep insight into the true nature of life.

Nonverbal Messages

Communication expressed through body language, gesture, facial expression, and other cues, rather than words.