Central Company has gathered the following information. Production and Manufacturing Costs Equivalent Units and Cost Information...
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Central Company has gathered the following information. Production and Manufacturing Costs Equivalent Units and Cost Information Units in beginning work in process Units started into production Units in ending work in process Percent complete for conversion costs in ending work in process Costs incurred: Direct materials Direct labor Overhead Cost & Complet % 25,000 115,000 30,000 40% $175,000 $235,400 $191,600 Materials are added at the beginning of the process, meaning 100% of the materials are allocated to Ending Work in Process. How much of the cost is assigned to units transferred? Central Company has gathered the following information. Production and Manufacturing Costs Equivalent Units and Cost Information Units in beginning work in process Units started into production Units in ending work in process Percent complete for conversion costs in ending work in process Costs incurred: Direct materials Direct labor Overhead Cost & Complet % 25,000 115,000 30,000 40% $175,000 $235,400 $191,600 Materials are added at the beginning of the process, meaning 100% of the materials are allocated to Ending Work in Process. How much of the cost is assigned to units transferred?
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Related Book For
Managerial Accounting
ISBN: 978-1260413984
4th edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
Posted Date:
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