The managerial accountant at Duck Manufacturing reported the following information: Units: Beginning WIP..54,500 75% for materials 45%
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Question:
The managerial accountant at Duck Manufacturing reported the following information:
Units:
Beginning WIP……………………………..54,500
75% for materials
45% for conversion
Transferred-in………………………………225,000
Completed…………………………………232,000
Ending WIP
60% for materials
20% for conversion………………………….47,500
Costs:
Beginning WIP
Direct materials………………………………$67,500
Conversion…………………………………..145,400
Transferred-in………………………………..99,000
Transferred-in from department 1…………...$1,550,050
Direct materials added………………………909,375
Conversion added……………………………542,875
The cost of ending WIP is closest to
A) $133,950
B) $593,750
C) $311,900
D) $414,200
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