Information for Chaucer, Ltd. in July for the Prep Department,the first stage of the production cycle, is as follows: Co...
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Information for Chaucer, Ltd. in July for the Prep Department,the first stage of the production cycle, is as follows: Conversion Materials Costs Beginning work in process $8,100 $6,200 Costs added during July 23,400 13,400 Total costs $31,500 $19,600 Goods completed 60,000 units Ending work in process 15,000 units Material costs are added at the beginning of the process.The ending work in process is two-thirds complete as to conversion costs. How would the total costs accounted for be distributed using the average cost method?