Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Excellent Manufacturing uses a process cost system to manufacture sensors for the security industry. The following information pertains to operations for the month of March:

Excellent Manufacturing uses a process cost system to manufacture sensors for the security industry. The following information pertains to operations for the month of March:

Units Beginning work-in-process inventory, March 1 12,600 Started production during March 115,500 Completed production during March 92,400 Ending work-in-process inventory, March 31 35,700

The beginning inventory was 65% complete for materials and 25% complete for conversion costs. The ending inventory was 80% complete for materials and 45% complete for conversion costs. Costs pertaining to the month of March are as follows:

Beginning inventory costs: materials = $46,200; conversion cost = $32,025

Costs incurred during March: materials used = $617,400; conversion cost = $655,200

What is the total cost of the units in ending work-in-process inventory by using the weighted average method?

Step by Step Solution

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

Business And Professional Ethics

Authors: Leonard J Brooks, Paul Dunn

8th Edition

1337514462, 9781337514460

More Books

Students also viewed these Accounting questions

Question

A greater tendency to create winwin situations.

Answered: 1 week ago