Question
Coming Home Corporation uses a weighted-average process costing system to collect costs related to production. The following selected information relates to production for October: Materials
Coming Home Corporation uses a weighted-average process costing system to collect costs related to production. The following selected information relates to production for October:
|
| Materials |
| Conversion | ||||
| Units completed and transferred out |
| 49,000 |
|
|
| 49,000 |
|
| Equivalent units: work in process, October 31 |
| 11,000 |
|
|
| 5,000 |
|
| Total equivalent units |
| 60,000 |
|
|
| 54,000 |
|
|
| Materials |
| Conversion | ||||
| Costs in work in process on October 1 | $ | 9,000 |
|
| $ | 5,400 |
|
| Costs added to production during October |
| 243,000 |
|
|
| 513,000 |
|
| Total cost | $ | 252,000 |
|
| $ | 518,400 |
|
All materials at Coming Home are added at the beginning of the production process.
What total amount of cost should be assigned to the units completed and transferred out during October?
| a. | $690,000 | |
| b. | $667,800 | |
| c. | $642,000 | |
| d. | $676,200 |
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Auditing Cloud Computing A Security And Privacy Guide
Authors: Ben Halpert
1st Edition
0470874740, 978-0470874745
