Production data show 15,200 units were transferred out of a stage of production and 3,500 units...
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Production data show 15,200 units were transferred out of a stage of production and 3,500 units remained in ending WIP inventory that was 100% complete to material and 60% complete to conversion. The unit material cost is $9 for material and $4 for conversion. What is the amount of inventory transferred out and remaining in ending work in process inventory? Solution Conversion Percent complete Cost per unit Transferred out Ending inventory Equivalent units Transferred out Ending work in process: materials Ending work in process: conversion Ending work in process: total Costs to account for Material Units Materials Conversion Production data show 15,200 units were transferred out of a stage of production and 3,500 units remained in ending WIP inventory that was 100% complete to material and 60% complete to conversion. The unit material cost is $9 for material and $4 for conversion. What is the amount of inventory transferred out and remaining in ending work in process inventory? Solution Conversion Percent complete Cost per unit Transferred out Ending inventory Equivalent units Transferred out Ending work in process: materials Ending work in process: conversion Ending work in process: total Costs to account for Material Units Materials Conversion
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Req1 TOTAL COST ACCOUNTED FOR Units completed and transferred out 15200 unit... View the full answer
Related Book For
Cost Accounting Foundations and Evolutions
ISBN: 978-1111626822
8th Edition
Authors: Michael R. Kinney, Cecily A. Raiborn
Posted Date:
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