The PVC Company manufactures a high-quality plastic pipe that goes through three processing stages prior to completion.
Information on work in the first department, Cooking, is given below for May: Production data: Pounds in process, May 1: materials 100% complete; conversion 90% complete 60,000 Pounds started into production during May 250,000 Pounds completed and transferred to the next department ? Pounds in process, May 31:materials 60% complete; conversion 40% complete 20,000 Cost data: Work in process inventory, May 1: Materials cost $ 59,000 Conversion cost $ 23,400 Cost added during May: Materials cost $ 306,420 Conversion cost $ 128,580
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May 2021
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