Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

MegaRock produces quick setting concrete mix. Production of 206,860 tons was started in April 194760 tons were completed, Material costs were $3,152,560 for the month

image text in transcribed
MegaRock produces quick setting concrete mix. Production of 206,860 tons was started in April 194760 tons were completed, Material costs were $3,152,560 for the month while conversion costs were $593,800. There was no beginning work-in-process, the ending work-in-process was 70% complete. What is the cost of the product that remains in work-in-process? (Round your intermediate calculations to 2 decimal places.) Multiple Choice $153.760 $156,102 $219.650 5693,600

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

Management Accounting

Authors: Leslie G. Eldenburg, Albie Brooks, Judy Oliver, Gillian Vesty, Susan Wolcott

2nd Edition

1742166148, 978-1742166148

More Books

Students also viewed these Accounting questions

Question

differentiate the function ( x + 1 ) / ( x ^ 3 + x - 6 )

Answered: 1 week ago