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Comfort chair company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 73,400 chairs. During the month, the firm completed 79,000
Comfort chair company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 73,400 chairs. During the month, the firm completed 79,000 chairs, and transferred them to the Finishing Department. The firm ended the month with 9,900 chairs in ending inventory. There were 15,500 chairs in beginning inventory. All direct materials costs are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. The FIFO method of process costing is used by Comfort. Beginning work in process was 20% complete as to conversion costs, while ending work in process was 70% complete as to conversion costs. Beginning inventory Direct materials $25.000 Conversion costs $35.400 Manufacturing costs added during the accounting period Direct materials $168.400 Conversion costs $278.700 What is the cost of the goods transferred out during February? (Round intermediary calculations to the nearest cent.) A. $460,839 B. $507,500 C. $483,868 D. $437,218 ur tou ost ling Solutic Chege by Chegg Core... 14th Edition
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