Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Bentz Corporation has one production department. It started the current month with some units in process. At month end, Bentz had completed its production report
Bentz Corporation has one production department. It started the current month with some units in process. At month end, Bentz had completed its production report using the FIFO method for its only production department. The following select information was pulled from that worksheet: Step 2 Equivalent Units DM Conversion Cost Units completed this period: From Beg. WIP 210 From start to finish 21,000 21,000 Work in Process, ending 1,000 600 Equivalent units of Work done in current period 22,000 21,810 Specific Costs Conversion Cost DM $ 298 456 Step 3 Costs in Beg. WIP Costs added during current period Total costs to account for 5,500 5,798 4,362 4,818 Based on the information above, how much would Bentz Corp. report for its total cost of units completed this month? $10,246 $10,880.20 $9,492 $10,126.20
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