Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

orriort Chas company manutacturers a slandaied reciner. During Febriasy, the fen's Assembly Department started productoe of 74,000chairs During the manth, the trm complefed 78,600 chairs,

image text in transcribed
orriort Chas company manutacturers a slandaied reciner. During Febriasy, the fen's Assembly Department started productoe of 74,000chairs During the manth, the trm complefed 78,600 chairs, and anstered them to the Frishing Department. The firm esdod the month with 10,500 chairs in ending inventory. There weee 15 , 100 chairs in boginnng mventory Ail direct masonals costs are added at tho . oginning of the producton cycio and corversion costs are addod undormly thoughout the production plocess The FFO method of process costing is used by Comtart Begning work in process was 3os onchete as to conversion costs, while ending woek in process was 80% conchibilo as la conversion costs Beginning imeridor Diect matenats $24200 Converson costs $35,900 Mancisctuning costs added dinng the accownbg perod Diect materals 516+700 Convervich costs $279,000 What is the wmoun of drect materials cont assgned to ending woik-in-pioceis mveitary at the end of Febrary? (Round intermedary calculabons to the nearest cent) A. 527,100 B. $25,600 c $10.430 0. 573.040

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_2

Step: 3

blur-text-image_3

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

Guidelines For Auditing Process Safety Management Systems

Authors: CCPS Center For Chemical Process Safety

2nd Edition

0470282355, 978-0470282359

More Books

Students also viewed these Accounting questions