Don't Cry Over Spilled Milk, Inc., a manufacturer of mops, uses the weighted average method in its processing costing system. Don't Cry uses a traditional costing system in the allocation of its manufacturing overhead (MOH) to production; MOH costs are allocated to production on the basis of machine hours logged during the period. Total estimated MOH for the period was 300,000 and total estimated machine hours were 100,000. The following data concern the operations of the company's first processing department, Assembly, for June 2012.
|Beginning Work in Process
||800 mops, 60% complete with respect to direct materials, 10% complete with respect to conversion
|Costs in Beginning Work in Process
||$3,712 (of this amount, $1,296 is for direct materials)
|Units Started in June
|Direct Product Costs Added During June
||direct materials $47,076; direct labor $216,213
|Ending Work in Process
||300 mops, 60% completed with respect to direct materials, 70% complete with respect to conversion
During June, 71,884 actual machine hours were logged during production.
1. The cost to assemble one mop in June was $_______
2. The cost of goods completed and transferred out of the Assembly department during June equals $_______.
3. The conversion costs included in Work in Process-Assembly at the beginning of July would equal $_______.