Question: Ending WIP 40% complete materials / 50% complete for conversion is 10,000 units Cost of materials in WIP is $8,000 Cost of Conversion in WIP

Ending WIP

40% complete materials / 50% complete for conversion is 10,000 units

Cost of materials in WIP is $8,000

Cost of Conversion in WIP is $10,000

Units Started in month was 120,000

Conversion costs added during month $250,000

Material costs added during month was $210,000

Beginning WIP

70% complete materials / 60% complete for conversion is 5,000 units

Cost of materials in WIP is $4,000

Cost of Conversion in WIP is $5,500

Compute the cost per unit in good report format for the month, using the weighted average method.

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!

Q:

right answer please Ending WIP 40% complete materials / 50% complete for conversion is 10,000 units Cost of materials in WIP is $8,000 Cost of Conversion in WIP is $10,000 Units Started in month was...

Q:

Asignment #o Name Ending WIP 40% complete materials / 50% complete for conversion is 10,000 units Cost of materials in WIP is $8,000 Cost of Conversion in WIP is $10,000 Units Started in month was...

Q:

asap Ending WIP 40% complete materials / 50% complete for conversion is 10,000 units Cost of materials in WIP is $8,000 Cost of Conversion in WIP is $10,000 Units Started in month was 120,000...

Q:

Compute the cost per unit in good report format for the month, using FIFO method. Ending WIP 40% complete materials / 50% complete for conversion is 10,000 units Cost of materials in WIP is $8,000...

Q:

Ending WIP 40% complete materials / 50% complete for conversion is 10,000 units Cost of materials in WIP is $8,000 Cost of Conversion in WIP is $10,000 Units Started in month was 120,000 Conversion...

Q:

please write by using keyboard or very clearly so I could understand. please show all the steps. Ending WIP 40% complete materials / 50% complete for conversion is 10,000 units Cost of materials in...

Q:

Ending WIP 40% complete materials / 50% complete for conversion is 10,000 units Cost of materials in WIP is $8,000 Cost of Conversion in WIP is $10,000 Units Started in month was 120,000 Conversion...

Q:

Ending WIP 40% complete materials / 50% complete for conversion is 10,000 units Cost of materials in WIP is $8,000 Cost of Conversion in WIP is $10,000 Units Started in month was 120,000 Conversion...

Q:

Ending WIP 40% complete materials / 50% complete for conversion is 10,000 units Cost of materials in WIP is $8,000 Cost of Conversion in WIP is $10,000 Units Started in month was 120,000 Conversion...

Q:

Ending WIP40% complete materials / 50% complete for conversion is 10,000 unitsCost of materials in WIP is $8,000 Cost of Conversion in WIP is $10,000Units Started in month was 120,000 Conversion...

Q:

Do PAQ data provide sufficient argument of job relatedness? Explain.

Q:

2. MATH 233 has two sections. Final scores of 50 randomly selected TEDU students in Section 1 are as follows. 83 45 88 63 86 61 100 64 76 86 62 93 51 88 89 73 80 86 76 78 45 85 56 71 47 60 84 100 89...

Q:

The exam will automatically close at the 9 0 minute mark. 5 pts Question 1 3 Which of the following bonds will experience the highest percentage change in price if interest rates decrease by 1 % ? q...

Q:

please answer this question Agreements to complete an existing legal obligation under a contract have a problem with consideration. Which of the following is the best reason for this rule? O if one...

Q:

7. Develop a circular model, with positive and negative feedback loops, showing the following critical variables:

Q:

Technology

Q:

Population