Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Company X's smelter has the following production and cost data for September: Production: 200 units are started to be produced, 100% in material and

Company X's smelter has the following production and cost data for September:

• Production: 200 units are started to be produced, 100% in material and 82% in conversion cost; started production of 1,000 units; units transferred to the next department 950 units; The completion of work in progress was 100% complete in terms of materials and 42% in terms of conversion costs.

• Production costs: Starting work in progress 8,200 TL material, 9,270 TL labor and 2,200 TL general production costs. In the current period, 50,500 TL of material, 25,700 TL of labor and 32,000 TL of general production expenses were made.

Question: If the company uses the WA method to calculate equivalent units, calculate the conversion cost portion of the inventory transferred.

Step by Step Solution

3.48 Rating (164 Votes )

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Tools for business decision making

Authors: kimmel, weygandt, kieso

4th Edition

978-0470117262, 9780470534786, 470117265, 470534788, 978-0470095461

More Books

Students also viewed these Accounting questions