Question: Question 2 (6 marks) Glass Corp. uses a process costing system (first-in, first-out). Data for the month of March is as follows: Beginning work-in-process

Question 2 (6 marks) Glass Corp. uses a process costing system (first-in,

Question 2 (6 marks) Glass Corp. uses a process costing system (first-in, first-out). Data for the month of March is as follows: Beginning work-in-process (WIP) inventory (80% complete as to 25,000 units materials and 40% complete as to conversion costs) Units completed in March 67,000 units Ending WIP inventory (65% complete as to materials and 25% complete 18,000 units as to conversion costs) Materials Conversion costs Costs in beginning inventory $160,000 $240,000 Costs added during March 513,625 773,080 Required: Calculate the total cost of units completed during March. (6 marks)

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!