Question
Company reported the following information for the month of April: Units Work in Process Beginning inventory, April 1 9,500 Added to production 42,500 Completed and
Company reported the following information for the month of April:
| Units | ||
|---|---|---|
| Work in Process | ||
| Beginning inventory, April 1 | 9,500 | |
| Added to production | 42,500 | |
| Completed and transferred out | ? | |
| Ending inventory, April 30 | 4,200 |
Ending inventory was 100% complete with respect to materials and 65% complete with respect to conversion costs. Company also reported the following cost information in April:
| Costs | ||||
|---|---|---|---|---|
| Materials | Conversion | |||
| Work in Process | ||||
| Beginning inventory, April 1 | $11,000 | $17,160 | ||
| Added to production | 67,044 | 114,218 | ||
What cost would be assigned to the units transferred out of Work in Process Inventory?
| Cost assigned to the units transferred out |
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Business Analytics
Authors: Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann
5th Edition
0357902211, 978-0357902219
