Question
A department uses the weighted average method of process costing. All direct materials are added at the beginning of the process. This department has the
A department uses the weighted average method of process costing. All direct materials are added at the beginning of the process. This department has the following data for this month.
155 units in beginning WIP (74% complete with respect to conversion costs).
6,962 units started
213 units in ending WIP (28% complete with respect to conversion costs).
$878 Beginning WIP direct material costs
$771 Beginning WIP conversion costs
$11,279 Current period direct material costs
$11,346 Current period conversion costs
What is the department's total cost of ending WIP for this month (round final answer to nearest cent if necessary)?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
The Well Church Book A Practical Guide To Mission Audit
Authors: John Finney
1st Edition
0862015499, 978-0862015497
