ACC 561 Week 4 Exercises 15-5, 16-3, 17-1

Production records show that there were 570 units in the beginning inventory, 30% complete, 1,540 units started, and 1,420 units transferred out. The beginning work in process had materials cost of $2,640 and conversion costs of $1,660. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process.