Question: Weighted - average costs per equivalent unit are $ 4 . 0 0 for direct materials and $ 4 . 0 0 for conversion. There

Weighted-average costs per equivalent unit are $4.00 fordirect materials and $4.00 for conversion. There are no transferred-in costs and no spoilage. What is the cost of goods completedand transferred out if 25,500 units are completed and 2,550 units are in ending inventory?

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!

Q:

Weighted average costs per equivalent unit are $2.10 for direct materials and $3.05 for conversion. There are no transferred-in costs and no spoilage. What is the cost of goods completed and...

Q:

Weighted average costs per equivalent unit are $3.20 for direct materials and $3.60 for conversion. There are no transferred-in costs and no spoilage. What is the cost of goods completed and...

Q:

The Mixing Department of Best Foods had 60,000 equivalent units of materials for October. Of the 60,000 units, 20,000 units were completed and transferred to the next department, and 40,000 units...

Q:

Just need some help on this and understanding it I will rate! Many thanks and God bless!!! S18-10 (similar to) Question Help The Mixing Department of Fresh Foods had 65,000 equivalent units of...

Q:

S18-10 (book/static) Question Help The Mixing Department of Complete Foods had 62,000 equivalent units of materials for October. Of the 62,000 units, 38,000 units were completed and transferred to...

Q:

The Mixing Department of Foods for You had 50000 units equivalent units of materials for whole question is on the picture The Mixing Department of Foods for You had 50,000 equivalent units of...

Q:

c o s Costs per Equivalent Unit and Production Costs $ 9 , 0 0 0 of direct materials. \ table [ [ Date , AccoUNT Workin Process - fon:,Debit,Credit,Balance ] , [ Debit , cradit ] , [ Nov . , 1 Bal. 9...

Q:

The Maring Department of Foods for You had 65,000 equivalent units of materials for October Of the 65,000 units, 45,000 units were completed and transferred to the next department, and 20.000 units...

Q:

The Mixing Department of Fresh Foods had 50,000 equivalent units of materials for October. Of the 50,000 units, 25,000 units were completed and transferred the next department, and 25,000 units were...

Q:

7 The Mixing Department of Complete Foods had 62,000 equivalent units of materials for October. Of the 62,000 units, 38,000 units were completed and transferred to the next department, and 24.000...

Q:

China motor vehicles has decided to invest in SA, as it has seen that there is a need for an affordable passenger vehicle for 1st time care buyers. CMV Yin Yang, is a 4 door passenger car, with an...

Q:

Suppose you conduct currency carry trade by borrowing $1,000,000 at the start of each year and investing in the New Zealand dollar for one year. One-year interest rates and the exchange rate between...

Q:

Show your calculations and provide answers to the following questions: Note to students: Do not rely on ChatGPT or any AI model to find your answers, as they will only provide approximate results....

Q:

Your firm is one of many producers of aglets, those plastic coating thingamajigs that go on the end of shoelaces (they are NOT called flooglebinders, which was a nonsense word made up by a Tom Cruise...