Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Baron Corporation has two sequential processing departments: Assembly and Shaping. The Shaping Department reports the following information. Conversion costs are applied evenly throughout the
Baron Corporation has two sequential processing departments: Assembly and Shaping. The Shaping Department reports the following information. Conversion costs are applied evenly throughout the process (Click the icon to view the data.) The total cost of units transferred out to Finished Goods Inventory would be closest to (Round intermediate calculations to the nearest cent and the final answer to the nearest dollar.) OA. $879,840. OB. $958,900. OC. $408,000. D. $989.8203 Data table Beginning WIP Inventory Transferred in costs in beginning WIP Inventory Direct materials cost in beginning WIP Inventory Conversion costs in beginning WIP Inventory Units transferred-in- Transferred-in costs Units completed Costs added: direct materials Costs added: conversion costs Ending WIP Inventory (40% complete for materials and 30% complete for conversion) 13,000 units $115,200 $24,500 $22,750 54,000 units $543,300 48,000 $169,120 $246,570 19.000 units Print Done - X
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