Question: A company uses the weighted-average method for inventory costing At the end of the period, 29,000 units were in the ending Work in Process inventory

A company uses the weighted-average method for inventory costing At the

end of the period, 29,000 units were in the ending Work in

Process inventory and are 100% complete for materials and 82% complete for

conversion The equivalent costs per unit are materials, $2.72, and conversion $2

20 Compute the cost that would be assigned to the ending Work

A company uses the weighted-average method for inventory costing At the end of the period, 29,000 units were in the ending Work in Process inventory and are 100% complete for materials and 82% complete for conversion The equivalent costs per unit are materials, $2.72, and conversion $2 20 Compute the cost that would be assigned to the ending Work in Process inventory for the period Multiple Choice $131,196 $235,480. $127,862 $207,292 $193,094

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!

Management is requesting a list of all customers with their total dollar amount of orders to date. Make sure it looks exactly like the example output (at the back of this assignment). Hint: 27 rows...

1) Luker Corporation uses a process costing system. The company had $174,500 of beginning Finished Goods Inventory on October 1. It transferred in $851,000 of goods completed during the period. The...

A company uses the weighted-average method for inventory costing. At the end of the period, 19,000 units were in the ending Work in Process inventory and are 100% complete for materials and 74%...

1. Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $1,800 of direct materials and used $3,300 of direct labor. The job was not...

10- Which of the following characteristics does not apply to job order cost accounting? Multiple Choice Aims to compute the cost per unit of product. Identifiable units of production. Equivalent...

need help with the following file need this in less then 20 mins. A company uses the weighted-average method for inventory costing. At the end of the period, 18,000 units were in the ending Work in...

A company uses the weighted-average method for inventory costing. At the end of the period, 21,000 units were in the ending Work in Process inventor and are 100% complete for materials and 84%...

FCC company uses the weighted-average method for inventory costing. At the end of the period. 19,000 units were in the ending Work in Process imventory and are 100s complete for materias and 74%...

25. A company uses the weighted-average method for inventory costing. At the end of the period, 29,000 units were in the ending Work in Process inventory and are 100% complete for materials and 82%...

A company uses the weighted-average method for inventory costing. At the end of the period, 28,000 units were in the ending Work in Process inventory and are 100% complete for materials and 81%...

Following is a partial production cost report for Mitchell Manufacturing's Canning department. Equivalent units of production (EUP) Completed and transferred out Ending Work in Process Cost per EUP...

Mrs. Clark's Foods (Clark's) was an Iowa corporation engaged in the business of labeling and distributing juices. Clark's purchased apple juice concentrate in April 2011 from International Suntrade,...

Build a Gantt chart based on the following list of tasks and dependencies to build and test a screen form for a new system. Identify the criticalpath. Task ID Description Duration [days Predecessor...

43. LO.8 Using the following information from the books and records of Grande Corporation, determine Grandes total sales that are subject to State Cs sales tax. Grande operates a retail hardware...

Discuss several ways ( at least four ways ) to improve the requirement process and thus, a project team can avoid a situation where too many changes to the project requirements occur at the later...

Describe employee assistance programs.

Describe the importance of physical fitness programs.

Discuss the factors that set the stage for global HR practice.