November 28, 2015

Homework Help: accouting

Posted by Patiance on Sunday, July 21, 2013 at 9:50pm.

The ledger of Custer Company has the following work in process account.

Work in Process—Painting

5/1 Balance 4,820 5/31 Transferred out ?
5/31 Materials 5,710
5/31 Labor 4,800
5/31 Overhead 2,430
5/31 Balance ?

Production records show that there were 410 units in the beginning inventory, 30% complete, 1,550 units started, and 1,430 units transferred out. The beginning work in process had materials cost of $3,110 and conversion costs of $1,710. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process.

What is the unit materials cost for May?
Can someone explain to me how to get this answer please?

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