Eliott Company produces large quantities of a standardized product. The following information is available for its production activities for March.
Units Beginning work in process inventory
Started
Ending work in process inventory
Status of ending work in process inventory Materiale-Percent complete Conversion-Percent complete
Costs
2,000
20,000 5,000
Beginning work in process inventory
Direct materials Conversion
$ 2,500 6,360
Direct materials added
Direct labor added
$ 8,860
168,000
100%
35% Overhead applied (140% of direct labor)
Total costs to account for
199,850 279,790
$ 656,500
Ending work in process inventory
$ 84,110
