Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hulu Inc. manufactures flutes using a two-department process. Direct materials are added at the beginning of the process in both the Assembly Department and the

Hulu Inc. manufactures flutes using a two-department process. Direct materials are added at the beginning of the process in both the Assembly Department and the Finishing Department. Conversion costs are applied uniformly during both processing departments. The following has been reported for the Finishing Department for the month of July: Units in beginning work in process (70% complete) 14,200 Units in ending work in process (25% complete) 10,000 Units transferred in from Assembly in July 67,800 Costs in beginning work in process: Transferred-in costs $95,870 Direct materials $28,560 Conversion costs $27,092 Cost of units transferred in from Assembly in July $633,930 Costs added during July: Direct materials $155,940 Direct labor $91,720 Applied overhead $137,468 17. Assume Hulu uses the weighted-average method, what was the total cost of completed units transferred out of the Finishing Department in July? (Round the cost per equivalent unit to the nearest penny. Round your final answer to the nearest dollar.) a. $915,042 b. $409,680 c. $1,050,480 d. $1,019,058 e. $1,045,205 f. $843,302 g. $1,196,380 h. $989,202 i. None of the above

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

Information For Decision Making Readings In Cost And Managerial Accounting

Authors: Alfred Rappaport

3rd Edition

0134643542, 978-0134643540

More Books

Students also viewed these Accounting questions

Question

HOW will the interface be controlled, security and privacy methods?

Answered: 1 week ago

Question

Understand the role of employer branding in talent management.

Answered: 1 week ago