Essay
Kennedy Company
The following information is available for Kennedy Company for March of the current year.All materials are added at the start of production.
| Beginning Work in Process: (80% complete) | 8,000 units | |
| Started | 35,000 units | |
| Normal spoilage (continuous) | 6,000 units | |
| Abnormal spoilage | 2,500 units | |
| Ending Work in Process: (55% complete) | 15,000 units | |
| Transferred out | 19,500 units | |
| Beginning Work in Process Costs: | ||
| Material | $ 14,000 | |
| Conversion | 45,000 | |
| Current Costs: | ||
| Material | 50,000 | |
| Conversion | 175,000 | |
| Total Costs | $ 284,000 |
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