Question: Omartlan Inc. uses the weighted average cost method In Its process costing system. Information for department A for July Is as follows: Materlals are all

 Omartlan Inc. uses the weighted average cost method In Its process

Omartlan Inc. uses the weighted average cost method In Its process costing system. Information for department A for July Is as follows: Materlals are all added at the beginning of the process. The ending work-In-process Inventory Is 50% complete with respect to conversion costs. Required: 1. Calculate the degree of completion for direct materials and conversion cost In ending Inventory. (Round your answer to nearest whole number.) 2. How would the "total costs accounted for" be distrlbuted between units completed and transferred out, and units in ending work-In-process inventory? $116,200$20,300$136,500$15,515$134,850$0$116,200$15,515

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!