Jigu9 Low Company has the following inventory informationfor June:Direct materialsWork in processFinished goodsJune 1$63,000$44,000$59,000During June, Low Company had the following costs:Direct materials purchasedSales commissions ......June 30$27,000$81,000$36,000...$132,000$ 74,000$282,000$ 56,000$ 21,000$349,000Prime costs ...Advertising ..Depreciation, sales equipmentUnadjusted cost of goods soldCalculate Low Company's conversion costs for June.

The prime cost comprises Direct materials and direct labor cost. The conversion Costs comprise…

Low Company has the following inventory information for June: June 1 $63,000 $44,000 $59,000 During June, Low Company had the following costs: Direct materials purchased Sales commissions Prime costs .. Direct materials Work in process Finished goods ... June 30 $27,000 $81,000 $36,000 ..... Advertising ... Depreciation, sales equipment Unadjusted cost of goods sold Calculate Low Company's conversion costs for June. ..... $132,000 $ 74,000 $282,000 $ 56,000 $ 21,000 $349,000

Low Company has the following inventory information for June: June 1 $63,000 $44,000 $59,000 During June, Low Company had the following costs: Direct materials purchased Sales commissions Prime costs .. Direct materials Work in process Finished goods ... June 30 $27,000 $81,000 $36,000 ..... Advertising ... Depreciation, sales equipment Unadjusted cost of goods sold Calculate Low Company's conversion costs for June. ..... $132,000 $ 74,000 $282,000 $ 56,000 $ 21,000 $349,000

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter2: Accounting For Materials

Section: Chapter Questions

Problem 13P: Webster Company uses backflush costing to account for its manufacturing costs. The trigger points...

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