Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

accoujtjng help plz Thico Ranch uses a process cost system and the FIFO cost flow assumption. Production begins is the Crafting Departuctit where maserall ate

accoujtjng help plz
image text in transcribed
image text in transcribed
Thico Ranch uses a process cost system and the FIFO cost flow assumption. Production begins is the Crafting Departuctit where maserall ate added at the beginning of the process and conversion costs are incurred uniformily throughout the procesis. On November 1 , the beganisis work. in process inventory consisted of 10,000 units, which were 60% complete and had a cost of 5266,000,5140,006 of which were masenali cruta. During November, the following occurred: What are the costs assigned to the ending work in process inventory on November 30 ? $118,750 $180,417 $104,879 $110,000 $106,250 added at the beginning of the process and conversion costs are incurred uniformly throughout the process. On November 1, te be consisted of 10,000 units, which were 60% complete and had a cost of $266,000,5140,000 of which vars = What are the costs assigned to the units completed anu uamone $654,000 $274,000 $570,000 $650,000 $544,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Payroll Accounting

Authors: Bernard J. Bieg, Judith A. Toland

2013 edition

113396253X, 978-1133962533

More Books

Students also viewed these Accounting questions