Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Materials costs of $515000 and conversion costs of $178560 were charged to a processing department in the month of September. Materials are added at the

Materials costs of $515000 and conversion costs of $178560 were charged to a processing department in the month of September. Materials are added at the beginning of the process; conversion costs are incurred uniformly throughout the process. There were no units in beginning Work in Process, 103000 units were started into production in September, and there were 7600 units in ending Work in Process that were 50% complete @ the end of September. What was the total amount of manufacturing costs assigned to those units that were completed and transferred out of the process in September if the weighted-average method is used?

a) $404,400

b) $648,720

c) $590,560

d) $408,200

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

Financial and managerial accounting

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

1st edition

111800423X, 9781118233443, 1118016114, 9781118004234, 1118233441, 978-1118016114

More Books

Students also viewed these Accounting questions

Question

=+c) Does this model improve on the model in Exercise 18? Explain.

Answered: 1 week ago

Question

Define Management by exception

Answered: 1 week ago

Question

Explain the importance of staffing in business organisations

Answered: 1 week ago

Question

What are the types of forms of communication ?

Answered: 1 week ago

Question

6. How can hidden knowledge guide our actions?

Answered: 1 week ago