The managerial accountant at Duck Manufacturing reported the following information: Units: Beginning WIP54,500 75% for materials 45%
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Question:
The managerial accountant at Duck Manufacturing reported the following information:
Units:
Beginning WIP……………………………54,500
75% for materials
45% for conversion
Transferred-in……………………………225,000
Completed……………………………….232,000
Ending WIP
60% for materials
20% for conversion……………………….47,500
Costs:
Beginning WIP
Direct materials…………………………$67,500
Conversion……………………………...145,400
Transferred-in……………………………99,000
Transferred-in from department 1…..$1,550,050
Direct materials added…………………909,375
Conversion added……………………...542,875
The cost of ending WIP is closest to
A) $133,950.
B) $593,750.
C) $311,900.
D) $414,200.
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