A company had 2015 units in opening WIP and started 144840 during the month and completed...
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A company had 2015 units in opening WIP and started 144840 during the month and completed 8784 units and the closing WIP units were 100% complete in relation to Direct Materials (DM) and 61% complete in relation to Conversion Costs (CONV). The company's costs (including opening WIP and Incurred during the month were: DM costs $100165 and CONV costs $53094. Calculate the COST of the closing WIP in relation to CONVERSION (ONLY) for this month? A company had 2015 units in opening WIP and started 144840 during the month and completed 8784 units and the closing WIP units were 100% complete in relation to Direct Materials (DM) and 61% complete in relation to Conversion Costs (CONV). The company's costs (including opening WIP and Incurred during the month were: DM costs $100165 and CONV costs $53094. Calculate the COST of the closing WIP in relation to CONVERSION (ONLY) for this month?
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Answer rating: 100% (QA)
To calculate the cost of the closing workinprogress WIP in relation to conversion costs CONV for the month we need to determine the equivalent units o... View the full answer
Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
Posted Date:
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