Question: Equivalent Units Flow of Production Physical Units Direct Materials Conversion Costs WIP: Beginning 2000 Started during current period 7000 To account for 9000 Completed &

Equivalent Units
Flow of Production Physical Units Direct Materials Conversion Costs
WIP: Beginning 2000
Started during current period 7000
To account for 9000
Completed & transferred out during current period 6000 6000 6000
WIP: Ending (100% DM, 30% CC) 3000 3000 900
Units accounted for 9000
Equivalent units of work done to date 9000 6900

Direct Materials Conversion Costs
WIP: Beginning 12,000 11,000
Costs added in current period 98,000 92,000

Using the above information and the weighted average method, calculate the amount of inventory (in dollars) that was transferred to finished goods inventory during the period. (Round to nearest dollar after calculations are complete. Do not round early.)

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:

What lessons did we learn from the Hawthorne studies? What are your ideal working conditions? Do you prefer a well - lit space, or do you prefer dim lighting? How would lighting effect your...

Q:

Equivalent Units Conversion Physical Direct Flow of Production Units Materials Costs WIP: Beginning 2000 Started during current period 7000 To account for 9000 Completed & transferred out during 6000...

Q:

Flow of Production Physical Units Direct Materials Conversion BB WIP Started in current period Completed & Trsfr-OUT From BB WIP Started & Completed EB WIP Equivalent Units From BB WIP Total Costs DM...

Q:

Tomlinson's management seeks to have a more consistent cost per equivalent unit. Which method of process costing should the company choose and why? \begin{tabular}{|c|c|c|c|} \hline & (Step 1) &...

Q:

QUESTION 10 Equivalent Units (This Period Only) Physical Unit Direct Materials Conversion Cost Flow of Production WIP: Beginning 2000 Started during current period 7000 To account for 9000 Completed...

Q:

FIFO Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process Dama Company produces women's blouses and uses the FIFO method to account for its manufacturing costs. The...

Q:

FIFO Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process Dama Company produces women's blouses and uses the FIFO method to account for its manufacturing costs. The...

Q:

FIFO Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process Dama Company produces women's blouses and uses the FIFO method to account for its manufacturing costs. The...

Q:

FIFO Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process Dama Company produces women's blouses and uses the FIFO method to account for its manufacturing costs. The...

Q:

FIFO Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process Dama Company produces women's blouses and uses the FIFO method to account for its manufacturing costs. The...

Q:

FIFO Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process Dama Company produces women's blouses and uses the FIFO method to account for its manufacturing costs. The...

Q:

. Let fn(x) = n sin (). Prove that: (a) fn converges uniformly on any finite interval. Hint: make good use of sin ar when x is small. (b) fn does not converge uniformly on R.

Q:

The amounts spent by customers at a Noodles & Company restaurant during lunch are normally distributed with a mean equal to $7.00 and a standard deviation equal to $0.35. (a) What amount is the first...

Q:

From inception of operations to December 3 1 , 2 0 2 5 , Tamarisk Corporation provided for uncollectible accounts receivable under the allowance method. The provisions are recorded, based on analyses...

Q:

The first scenario will be a Verbal Judo scenario in which your scenario follows the standard Verbal Judo interaction: You need to ask somebody to modify their behavior either to do something or to...

Q:

Discuss the potential advantages of performance management, gamification, social performance management, and electronic monitoring. page 355

Q:

Distinguish between involuntary and voluntary turnover, and discuss how each of these forms of turnover can be leveraged for competitive advantage. page 423

Q:

Relate how assessment of personality type, work behaviors, and job performance can be used for employee development. page 389