Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Materials Conversion Transfer-in Materials Conversion Units 6,500 Units Beginning WIP Started/transferred in Ending WIP Units 1,000 Transfer in Materials Conversion Units 3,000 8,000 60% 80%

image text in transcribed
Materials Conversion Transfer-in Materials Conversion Units 6,500 Units Beginning WIP Started/transferred in Ending WIP Units 1,000 Transfer in Materials Conversion Units 3,000 8,000 60% 80% 5,000 100% 90% 30% 7,500 100% 100% Transferred out ##### $ 85,500 $ 1,800 $ 6,000 #### ## $1,348,500 WWWWWWWWWWW S1,354,500 $ 21 Costs Beginning WIP $ 48,750 S 65,000 $ 38,000 $ 2,400 Added ### $1,582,800 $274,750 S 591,600 B Total WANAWIN $1,647,800 S 594,000 9 0 Equivalent Units (EU) 21 22 Cost per EU: 23 24 25 26 2703 - What were the total costs transferred from the Machining Department to the Painting Department during the month? 28 29 30 31 32 33 34 Materials Conversion Transfer-in Materials Conversion Units 6,500 Units Beginning WIP Started/transferred in Ending WIP Units 1,000 Transfer in Materials Conversion Units 3,000 8,000 60% 80% 5,000 100% 90% 30% 7,500 100% 100% Transferred out ##### $ 85,500 $ 1,800 $ 6,000 #### ## $1,348,500 WWWWWWWWWWW S1,354,500 $ 21 Costs Beginning WIP $ 48,750 S 65,000 $ 38,000 $ 2,400 Added ### $1,582,800 $274,750 S 591,600 B Total WANAWIN $1,647,800 S 594,000 9 0 Equivalent Units (EU) 21 22 Cost per EU: 23 24 25 26 2703 - What were the total costs transferred from the Machining Department to the Painting Department during the month? 28 29 30 31 32 33 34

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

Students also viewed these Accounting questions