Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Answer the following: 99. The following information relates to the Assembly Department of Jataca Corporation for the month of November. Jataca uses a weighted-average process

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Answer the following: 99. The following information relates to the Assembly Department of Jataca Corporation for the month of November. Jataca uses a weighted-average process costing system. All materials at Jataca are added at the beginning of the production process. On November 1, the work in process inventory account contained $6,400 of material cost and $4,400 of conversion cost. Cost per equivalent unit for November was $1.50 for materials and $2.80 for conversion costs. What total amount of cost should be assigned to the units transferred out during November? A. $1,337,300 B. $1,348,100 C. $1,369,500 D. $1,380,300 Exercise Problem 2 In September, one of the processing departments at Wielgus Corporation had beginning work in process inventory of $27,000 and ending work in process inventory of $10,000. During the month, $296,000 of costs were added to production. In the department's cost reconciliation report for September, the cost of units transferred out of the department would be: A. $313,000 B. $323,000 C. $303,000 D. $286,000 Exercise Problem 3: In September, one of the processing departments at Wielgus Corporation had beginning work in process inventory of $27,000 and ending work in process inventory of $10,000. During the month, $296,000 of costs were added to production. In the department's cost reconciliation report for September, the total cost to be accounted for would be: A. $37,000 B. $323,00 0 C. $619,00 0 D. $646,00 0 Exercise Problem: 4 In December, one of the processing departments at Rumsey Corporation had ending work in process inventory of $21,000. During the month, $110,000 of costs were added to production and the cost of units transferred out from the department was $99,000. In the department's cost reconciliation report for December, the total cost accounted for would be: A. $230,000 B. $120,000 C. $31,000 D. $240,000

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

Financial And Managerial Accounting

Authors: Susan F. Haka ,Joseph V. Carcello ,Jan R. Williams

18th Edition

1259922189, 978-1259922183

More Books

Students also viewed these Accounting questions

Question

=+Sample Sample Size s Size s 247 29.6 24.3 253 27.3 24.0

Answered: 1 week ago