Question
costs completed percent Beginning inventory:8,060D.material 100% 5,000units1,300Conversions40% Completed units during the month 31,000 units Ending inventory:2,000 units 100% completed for d.materials and 50% for conversions
costs completed percent
Beginning inventory:8,060D.material 100%
5,000units1,300Conversions40%
Completed units during the month 31,000 units
Ending inventory:2,000 units 100% completed for d.materials and 50% for conversions costs
D. materials costs added in current month 41,440
Conversions costs added in current month 14,700
Calculate completed product costs under the assumption of 'Weighted Average Method' and Show the related journal entry.
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Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz
5th edition
134128524, 978-0134128528
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