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16 Not yet answered Marked out of 1 Flag question Golden Wheat manufactures flour. Its costing system utilizes two cost categories, direct materials and conversion
16 Not yet answered Marked out of 1 Flag question Golden Wheat manufactures flour. Its costing system utilizes two cost categories, direct materials and conversion costs. Each product must pass through Department X and Department Y. Direct materials are added at the beginning of production. Conversion costs are allocated evenly throughout production. Work in process, beginning inventory, (40% completed as of conversion cost) 200 units, the costs of begining work in process were $1,200 materials; $3,400 conversion costs. Units started during February 600 units, Work in process, ending inventory (20% completed as of conversion cost) 100 units. The manufacturing costs added during the month were $7,800 material; $8,600 conversion cost. Using FIFO method, How much is the total cost assigned to the completed units? O a. $1,458 O b. $19,542 O c. $14,831 Od. $19,431
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