Bestseller Book's binding department has beginning inventory of 5,000 units and $20,000, consisting of $10,000 of direct
Fantastic news! We've Found the answer you've been seeking!
Question:
Bestseller Book's binding department has beginning inventory of 5,000 units and $20,000, consisting of $10,000 of direct materials and $10,000 of conversion costs.
During the period, the department completed 88,000 units and had ending inventory of 15,000 units. Ending Inventory is 20% complete with respect to Direct Materials and 65% complete with respect to conversion.
During the period, the department added direct materials costing $172,000 and conversion costs of $283,250.
How many units did the binding department start from scratch during the current period?
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Posted Date: