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Problem 24-04A a-i (Video) Nash Company uses a standard cost accounting system. In 2020, the company produced 27,500 units. Each unit took several pounds of

Problem 24-04A a-i (Video)

Nash Company uses a standard cost accounting system. In 2020, the company produced 27,500 units. Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $11.00. Normal capacity was 49,500 direct labor hours. During the year, 130,000 pounds of raw materials were purchased at $0.90 per pound. All materials purchased were used during the year.

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Using one or more answers above, what were the total costs assigned to work in process? (Round standard cost per unit to 2 decimal places, e.g. 2.75 and final answer to 0 decimal places, e.g. 125.) Total costs assigned Click if you would like to Show Work for this question: Qnen Show Work

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