Question: Units started At Ruby Incorporated, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP

 Units started At Ruby Incorporated, direct materials are added at the

Units started At Ruby Incorporated, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (70% for conversion) 16.200 units 154 000 units Units completed and transferred out 112,000 units WIP ending (50% for conversion) 58,200 units Beginning WIP direct materials $46,200 Beginning WIP conversion costs $29,200 Costs of materials added $437,100 Costs of conversion added $267.000 What is the total cost of units completed and transferred out? (Round intermediate cakulations to the nearest cent and the final answer to the nearest dollar) A $553,280 OB. $760,578 OC $499.8 OD $685,817

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!