At Glass Company, materials are added at the beginning of the process and conversion costs are...

Transcribed Image Text:

At Glass Company, materials are added at the beginning of the process and conversion costs are added uniformly. Work in process, beginning: Number of units Transferred - in costs Direct materials (100%) Conversion costs (75%) Units transferred - in: Number of units Transferred - in costs Units completed Costs during the period: Direct materials 14,000 $91,000 $22,500 $32,400 56,500 $650,500 39,000 $165,475 $217,225 Conversion costs Work in process, ending: Number of units (100% complete for materials and 35% complete for conversion) The total cost of units transferred out to Finished Goods Inventory is closest to 31,500 O A. $652,268. O B. $278,599. O C. $999,975. O D. $709,020. At Glass Company, materials are added at the beginning of the process and conversion costs are added uniformly. Work in process, beginning: Number of units Transferred - in costs Direct materials (100%) Conversion costs (75%) Units transferred - in: Number of units Transferred - in costs Units completed Costs during the period: Direct materials 14,000 $91,000 $22,500 $32,400 56,500 $650,500 39,000 $165,475 $217,225 Conversion costs Work in process, ending: Number of units (100% complete for materials and 35% complete for conversion) The total cost of units transferred out to Finished Goods Inventory is closest to 31,500 O A. $652,268. O B. $278,599. O C. $999,975. O D. $709,020.

Answer rating: 100% (QA)

solution units completed End wip Tota units costs Beginning Driventory During the period ... View the full answer