Question
18. Yakity-Yak Corporation makes Goop from Glop using weighted average process costing. At the end of the period, they had the following data: Beginning units
18. Yakity-Yak Corporation makes Goop from Glop using weighted average process costing. At the end of the period, they had the following data:
Beginning units in WIP 6,000 Units started 6,000 Units transferred out 4,000
Costs in Beginning WIP: DM $34,000 Conversion $28,000 Current costs: DM $56,000 Conversion $26,000
Direct materials are added at the beginning of the process. Ending inventory is 75% complete for both direct labor and manufacturing overhead.
a. What is the total cost allocated to the units completed and transferred out?
b. What is the total cost allocated to the units left in ending inventory?
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Accounting A Business Perspective
Authors: Roger H. Hermanson, James Don Edwards, Michael W. Maher
7th Edition
0075615851, 978-0075615859
