Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In the month of April, a department had 500 units in the beginning work in process inventory that were 60% complete. These units had $63000

image text in transcribed

In the month of April, a department had 500 units in the beginning work in process inventory that were 60% complete. These units had $63000 of materials costs and $49000 of conversion costs. Materials are added at the beginning of the process and conversion costs are added uniformly throughout the process. During April, 19500 units were completed and transferred to the finished goods inventory and there were 3000 units that were 20% complete in the ending work in process inventory on April 30. During April, manufacturing costs charged to the department were: Materials $2412000; Conversion costs $3569000. (Round unit matrial and coversion cost to decimal place, eg. 135.) The cost assigned to the units transferred to finished goods during April was $5767000. O $5641000. O $5655000. O $5669000

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

Introduction To Managerial Accounting

Authors: Peter Brewer, Ray Garrison, Eric Noreen

4th Edition

0073379352, 9780073379357

More Books

Students also viewed these Accounting questions

Question

What are the benefits of using positive self-talk? (p. 151)

Answered: 1 week ago

Question

Describe a department managers role in the union organizing process

Answered: 1 week ago