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:
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