Question
California Company manufactures greeting cards. Special glittery material is added at the end of the process in the Printing Department. Conversion costs are applied uniformly
California Company manufactures greeting cards. Special glittery material is added at the end of the process in the Printing Department. Conversion costs are applied uniformly throughout the process. The weighted-average method of process costing is used. Data for the Printing Department for the month of September follow:
Work-In-Process Inventory, September 1: Units 22,500 Direct materials (0% complete) $0 Conversion costs (30% complete) $20,472 Units started in September 127,500 Units completed in September 123,000 Work-In-Process Inventory, September 30 27,000 Direct materials added in September $492,000 Conversion costs added in September $315,000 With regard to the Work-In-Process Inventory on September 30, materials are 0 percent complete and conversion costs are 60 percent complete. The total cost of goods transferred out of the Printing Department is ________.
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