(Solution) - Nu Test Company uses the weighted average method of process cost -(2025 Original AI-Free Solution)
Paper Details
Nu-Test Company uses the weighted-average method of process costing to assign production costs to its products. Information for September follows. Assume that all materials are added at the beginning of its production process, and that direct labor and factory overhead are added uniformly throughout the process.
Goods in process inventory, September 1 (4,000 units, 100% complete
with respect to direct materials, 80% complete with respect to direct
labor and overhead; Includes $90,000 of direct material cost, $51,200
in direct labor cost, $61,440 overhead cost) . . . . . . . . . . . . . . . . . . . . . . . $202,640
Units started in September . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56,000
Units completed and transferred to finished goods inventory . . . . . . . . . . 46,000
Goods in process inventory, September 30 (__?__ units, 100%
complete with respect to direct materials, 40% complete with
respect to direct labor and overhead) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ?
Costs incurred in September
Direct materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $750,000
Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $310,000
Overhead applied at 120% of direct labor cost . . . . . . . . . . . . . . . . . . . . . . ______?
Required
Fill in the blanks labeled a through uu in the following process costsummary.
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