Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

hoto Co. manufactures a single product that goes through two processes -mixing and cooking. The following data pertains to the Mixing Department for September Work-in-process

image text in transcribed
image text in transcribed
image text in transcribed
hoto Co. manufactures a single product that goes through two processes -mixing and cooking. The following data pertains to the Mixing Department for September Work-in-process Inventory Sept. 1 Conversion complete Work-in-process inventory Sept. 30 29,000 units 70% 15, 000 units 509 Conversion complete Units started into production in Sept. Units completed and transferred out Costs Work-in-process inventory Sept.1 69,000 2 units Material P Material o Conversion $116,000 106, 000 116,000 Costs added in September Material P Material Conversion $174,000 159,000 342,100 Material P is added at the beginning of work in the Mixing Department. Material Q is also added in the Mixing Department, but not until units Material P is added at the beginning of work in the Mixing Department. Material Q is also added in the Mixing Department, but not until units of product are forty percent completed with regard to conversion. Conversion costs are incurred uniformly during the process. The cost of goods completed and transferred out under the weighted-average method is calculated to be: (Do not round your intermediate calculations.) $890187 $1,013,100. $819,587 $788,587 $864,587

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

ISO 9001 2015 Audit Procedures

Authors: Ray Tricker

4th Edition

1138025895, 978-1138025899

More Books

Students also viewed these Accounting questions