The following production and cost data are applicable to April 2010:
Beginning WIP Inventory (45% complete) 180000 units
Units started in April 1300000 units
Ending WIP Inventory (65% complete) 144000 units Current cost of direct material $184000
Current cost of direct labor 27126
Current cost of overhead 93000 a. What amount is carried as the April beginning balance of WIP Inventory?
b. What amount is carried as the April ending balance of WIP Inventory?
c. What amount is transferred to Finished Goods Inventory for April?
d. What are the total direct material direct labor and overhead variances for April?
e. Record the journal entries to recognize the direct material direct labor and overhead variances.