XYZ Corp. makes widgets. Direct materials are added at the beginning of the process in Department...

Transcribed Image Text:

XYZ Corp. makes widgets. Direct materials are added at the beginning of the process in Department A. The following information is available for Department A for June 2020. Units $90,000 Direct Materials Conversion Costs $150,000 Work-in-process inventory, June 1 30,000 Started during the month Completed during the month 95,000 ??? Work-in-process inventory, June 30 15,000 Costs added during the month $301,000 $475,000 The widgets in beginning work-in-process inventory were 30% of the way through the production process on June 1 (meaning they had 30% of their conversion costs input) and the widgets in ending work-in-process inventory were 80% of the way through the production process at June 30. How many widgets did XYZ Corp. complete in June? XYZ Corp. makes widgets. Direct materials are added at the beginning of the process in Department A. The following information is available for Department A for June 2020. Units $90,000 Direct Materials Conversion Costs $150,000 Work-in-process inventory, June 1 30,000 Started during the month Completed during the month 95,000 ??? Work-in-process inventory, June 30 15,000 Costs added during the month $301,000 $475,000 The widgets in beginning work-in-process inventory were 30% of the way through the production process on June 1 (meaning they had 30% of their conversion costs input) and the widgets in ending work-in-process inventory were 80% of the way through the production process at June 30. How many widgets did XYZ Corp. complete in June?

Answer rating: 100% (QA)

Beginning WIP inventory 30000 units Beginning WIP is 30 complete Conversion cost ... View the full answer