Marion Company uses process costing and the weighted average method The following information was available for April units Costs Work in Process, April 1 100 $ 3,000 Work in Process, April 30 200 (A) During April, 1,000 units were started, and costs incurred during the month were $37,000 Ending inventory was 50 complete Based on the information given, (A) above would equal what amount

The Answer is in the image, click to view ...

Question: Marion Company uses process costing and the weighted average method. The following information was available for April: units Costs Work in Process, April 1 100

Marion Company uses process costing and the weighted average method. The following information was available for April:

	units		Costs
Work in Process, April 1		100	$	3,000
Work in Process, April 30		200		(A)

During April, 1,000 units were started, and costs incurred during the month were $37,000. Ending inventory was 50% complete. Based on the information given, (A) above would equal what amount?

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!

Marion Company uses process costing and the weighted average method. The following information was available for April: Units Costs Work in Process, April 1 971 $12,000 Work in Process, April 30 650...

Fabian Company uses process costing and the weighted average method. The following information was available for April: units Costs Work in Process, April 1 481 $ 6,500 Work in Process, April 30 375...

A company uses process costing and the weighted average method. The following information was available for March: Units Costs Work in Process, March 1 520 $6,000 Work in Process, March 30 300 (A)...

3. Crown Company uses Process Costing and the Weighted Average Method. The first department is Assembly and it has (1) Materials and (2) Conversion. The following information is available for January...

A company uses process costing and the weighted average method to determine its manufacturing costs. The following data is provided for Department Q: Opening work in process inventory, beginning of...

TB Problem 3-115 (Algo) Trout, Incorporated, adds direct materials at the... Required: Trout, Incorporated, adds direct materials at the beginning of the process, while conversion costs are incurred...

When you reply, use the information given to calculate: The equivalent units that are in the Work In Process account. What their per unit material cost is. And what the per unit conversion cost is....

A. W. Smith Company uses a process costing system (weighted average method). Data for the Assembly Department for June 20x1: Work in Process, beginning inventory 100 units Direct materials (100%...

Process Costing using the Weighted Average Method 1. Compute the equivalent units of production using the weighted average method. 2. Compute the cost per equivalent unit using the weighted average...

i need to know what do i multiply the average cost per shirt by The New Orleans Shirt Company makes two types of The basic and custom For the same time period, the New Orleans Short Company compiled...

Think about the customer expectations for your current employer (or a company you are familiar with) and a different international organization in an industry or field where you might like to be...

Explain the following abbreviations. a. CA2. b. Fed.Cl. c. affd. d. revd. e. remd. f. Cert. denied. g. acq. h. B.T.A. i. USTC. j. AFTR. k. F.3d. l. F.Supp. m. USSC. n. S.Ct. o. D.Ct.

Which of the following is not another name for the accounting rate of return? Multiple choice question. simple rate of return internal rate of return rate of return on assets unadjusted rate of return

Case Study 2 The Arbitration Case of Jesse Stansky Please read the case on page 5 6 8 and discuss question 3 . If you were the arbitrator, how would you rule in this case? Explain fully the reasons...

2. The book encourages readers to pay attention to what is happening around them, anticipate change, and look at the opportunities that exist outside their comfort zones. How does this reflect on...

3. Jeffrey T. Polzer has stated that sharing self-assessments and appraisals of one another through 360-degree feedback can help team members achieve interpersonal congruence. Do you agree with his...

1. Recall the last time you were angry at another person or were a victim of a situation that made you angry. For example, someone you trusted divulged some personal information about your family...