Information for Milton, Inc. In July for the finishing department, the second stage of the produc… 1 answer below »

Information for Milton, Inc. In July for the finishing department, the second stage of the production cycle is as follows:

Materials Conversion costs
Beginning work in process. $366,200 $237,000
Costs added during July. 68,400 42,000
Total costs $434,600 279,000
Goods completed 82,000 units
Ending work in process 20,000 units

Material costs are added at the end of process. The ending work in process is 40% complete as to conversion costs. Ignoring any transferred in costs, how would the total costs accounted for be distributed using the average cost method?

 

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