Question: pols Table Window Help Document3 Mailings Review View AaBbCcDdEe AaBbCcDdEe AaBbc No Spacing Headin Normal s, and improvements, choose Check for Updates. ChemKill Manufacturing produces

 pols Table Window Help Document3 Mailings Review View AaBbCcDdEe AaBbCcDdEe AaBbc

pols Table Window Help Document3 Mailings Review View AaBbCcDdEe AaBbCcDdEe AaBbc No Spacing Headin Normal s, and improvements, choose Check for Updates. ChemKill Manufacturing produces a chemical pesticide and uses process costing. There are three processing departments Mixing, Refining, and Packaging. On January 1, the first department Mixing had a zerorbeginning balance. During January, 44,000 gallons of chemicals were started into production. During the month, 35,000 gallons were completed, and 9,000 remained in process, partially completed. In the Mixing Department, all direct materials are added at the beginning of the production process, and conversion costs are applied evenly throughout the process. During January, the Mixing Department incurred $52,000 in direct materials costs and $211.000 in conversion costs. At the end of the month, the ending inventory in the Mixing Department was 60% complete with respect to conversion costs. The weighted average method is used. The total cost of the chemical pesticide in ending inventory was (Round any Intermediate calculations two decimal places, and your final answer to the nearest dollar.) $211,000 $263,000 $52,000 States

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!