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Edwards manufactures small tables in its Processing Department. Direct materials are added at the initiation of the production cycle and must be bundled in single
Edwards manufactures small tables in its Processing Department. Direct materials are added at the initiation of the production cycle and must be bundled in single kits for each unit. Conversion costs are incurred evenly throughout the production cycle. Inspection occurs when units are converted. Normal spoilage, if any, generally constitute of the good units units that successfully passed the inspection in current month. Company use FIFO method. Data for May are as follows: WIP, beginning inventory Direct materials complete Conversion costs complete Started during December Completed and transferred out WIP, ending inventory Direct materials complete Conversion costs complete units units units units What amount of direct materials costs is assigned to the ending WorkinProcess account for May? Example of Answer: No comma, space, decimal point, or $ sign Answer: Need assistance towards getting one of the following answers
Edwards manufactures small tables in its Processing Department. Direct materials are added at the initiation of the production cycle and must be bundled in single kits for each unit. Conversion costs are incurred evenly throughout the production cycle. Inspection occurs when units are converted. Normal spoilage, if any, generally constitute of the good units units that successfully passed the inspection in current month. Company use FIFO method.
Data for May are as follows:
WIP, beginning inventory
Direct materials complete
Conversion costs complete
Started during December
Completed and transferred out
WIP, ending inventory
Direct materials complete
Conversion costs complete
units
units
units
units
What amount of direct materials costs is assigned to the ending WorkinProcess account for May?
Example of Answer: No comma, space, decimal point, or $ sign
Answer:
Need assistance towards getting one of the following answers
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