The following information is available for Stinky Socks Corporation for the assembly department for the current year: Costs of Beginning Work in Process: Beginning Work
The following information is available for Stinky Socks Corporation for the assembly department for the current year:
Costs of Beginning Work in Process:Beginning Work in Process(55% complete)8,500 units
Material$15,000
Started26,000 units
Conversion26,000
Transferred-In36,000Ending Work in Process(60% complete)10,800 units
Current Costs:Transferred out23,000 units
Material$88,500
Conversion123,850
Transferred-In171,000
All materials are added at the start of production.Normal spoilage is up to 2% of the units started during the period.Inspection of units occurs at the 70% processing point.Stinky Socksusesweighted average costing
Total costs transferred out of the department is:
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Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
