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GoodSports buys wood as a direct material for baseball bats. The Cutting Department processes the baseball bats, and the bats are then transferred to the
GoodSports buys wood as a direct material for baseball bats. The Cutting Department processes the baseball bats, and the bats are then transferred to the Finishing Department where a sealant is applied. There was no beginning work in process inventory in the Cutting Department in May. The Cutting Department started manufacturing 10,000 baseball bats during May. A total of 7,500 bats were completed and transferred to the Finishing Department during May. The ending work in process inventory of 2,500 bats was 100% complete with respect to direct materials and 20% complete with respect to conversion costs. The company uses the weighted-average method of process costing. Reference: GoodSports What would the cost in ending WIP for conversion costs for May? A. $7,500 B. $24,000 C. $37,500 D. $30,000 GoodSports buys wood as a direct material for baseball bats. The Cutting Department processes the baseball bats, and the bats are then transferred to the Finishing Department where a sealant is applied. There was no beginning work in process inventory in the Cutting Department in May. The Cutting Department started manufacturing 10,000 baseball bats during May. A total of 7,500 bats were completed and transferred to the Finishing Department during May. The ending work in process inventory of 2,500 bats was 100% complete with respect to direct materials and 20% complete with respect to conversion costs. The company uses the weighted-average method of process costing. Reference: GoodSports What would the cost in ending WIP for conversion costs for May? A. $7,500 B. $24,000 C. $37,500 D. $30,000
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