Question
Please do the entire question with a detailed explanation and steps! Thanks! During December, Krause Chemical Company had the following selected data concerning the manufacture
Please do the entire question with a detailed explanation and steps! Thanks!
During December, Krause Chemical Company had the following selected data concerning the manufacture of Xyzine, an industrial cleaner:
All materials are added at the beginning of processing in this department, and conversion costs are added uniformly during the process. The beginning work-in-process inventory had $120 of raw materials and $180 of conversion costs incurred. Materials added during December were $540 and conversion costs of $1,484 were incurred. Krause uses the weighted-average process-costing method. The total conversion costs assigned to units transferred to the next department in December were:
a. $1664
b. $1600
c. $1513
d. $1484
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