"I think we goofed by hiring the new assistant controller," said Ruth Scarpino, president of Provost Industries. "Just look at this report he prepared for last month for the Finishing Department. I can’t understand it." Finishing Department costs: Work in process inventory, April 1, 1,300 units; materials 100% complete; conversion 88% complete $ 8,697* Costs transferred in during the month from the preceding department, 2,800 units 31,893 Materials cost added during the month 13,265 Conversion costs incurred during the month 27,590 Total departmental costs $ 81,445 Finishing Department costs assigned to: Units completed and transferred to finished goods, 3,500 units at $23.27 per unit $ 81,445 Work in process inventory, April 30, 600 units; materials 0% complete; conversion 40% complete 0 Total departmental costs assigned $ 81,445 *Consists of cost transferred in, $4,302; materials cost, $2,065; and conversion cost, $2,330.
