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can i get help with this please it is due today 3/5 Pantanal, Inc, manufactures car seats in a local factory. For costing purposes, it
can i get help with this please it is due today 3/5
Pantanal, Inc, manufactures car seats in a local factory. For costing purposes, it uses a first-in, first-out (FIFO) process costing system. The factory has three departments: Molding. Assembling, and Finishing. Following is information on the beginning work-in-process inventory in the Assembling Department on August 1 : During August, 100,000 units were transferred in from the Molding Department at a cost of $2,100,000 and started in Assembling. The Assembling Department incurred other costs of $1,151,530 in August as follows: At the end of August, 15,000 units remained in inventory that were 90 percent complete with respect to direct materials and 60 percent complete with respect to conversion. Required: Compute the cost of goods transferred out in August and the cost of work-in-process ending inventory. (Do not round intermediate calculations.) Step by Step Solution
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