Question: 4. Company C uses Process Costing system. Data about Company C is given below: Data for November Shaping Department Insertion Department Units: Beginning Work in

 4. Company C uses Process Costing system. Data about Company C

4. Company C uses Process Costing system. Data about Company C is given below: Data for November Shaping Department Insertion Department Units: Beginning Work in Process 50.000 units Production started 120.000 units Transfer in From Previous ? Department Completed Goods Inv. 100.000 units 120.000 units Ending WIP Inv. 20.000 units 30.000 units Comp. as to Direct Material % 80 % 50 Comp. as to Convers. Work % 50 % 60 Costs: Beginning Work in Process $ 225.000 ? Transferred in from Previous Department $290.000 $ 270.000 Direct Materials Added $220.000 $ 207.000 Conversion Costs Added Required: Calculate Ending WIP Inventory-Shaping, Ending WIP Inventory-Insertion and Finished Goods Inventory. (25)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!