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please explain how to get the answer Using the weighted average method, how much conversion cost is assigned to units transferred out? Correct! 306,800 Correct
please explain how to get the answer
Using the weighted average method, how much conversion cost is assigned to units transferred out? Correct! 306,800 Correct Answer 306,800 margin of error +/-0.1 Question 4 0/12.5 pts Four Seasons Company makes snow blowers. 100% of the materials are added at the beginning of the process. This means that beginning and ending inventories are 100% complete with respect to DM. The conversion costs are uniformly incurred. The physical units in beginning inventory are 60% complete with respect to conversion costs and the ending inventory is 50% complete with respect to conversion costs. Other data for the month include: Beginning WIP inventory 190 units Units transferred out 260 units Units in ending inv. 160 units Beginning work-in-process costs: Materials $106,000 Conversion $147,000 The DM cost/eu was determined to be $930. The CC cost/eu was determined to be $970. Using FIFO, how much conversion cost is assigned to units transferred out? You Answered 126,100 Correct Answer 288,620 margin of error +/0.1Step by Step Solution
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