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Cutting Painting
Beginning work in
process $1,000 $1,200
Costs transferred in ? ?
Costs incurred in Aug $3,500 $5,000
Ending work in process $2,000 $2,500
a.) Record the transfer costs from the cutting department to
the painting department in Aug.
b.) Record the transfer costs from the painting department to
the finished goods inventory account in Aug.
4.) Badin Corp. has the following information about its most popular
product line:
Sales price per unit $50
Variable cost per unit $25
Total fixed manufacturing &
overhead costs $400,000
Compute the following:
a.) Unit contribution margin.