FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Production data show 15,000 units were transferred out of a stage of production and 5,000 units remained in ending WIP inventory that was 100% complete

image text in transcribed
Production data show 15,000 units were transferred out of a stage of production and 5,000 units remained in ending WIP inventory that was 100% complete to material and 35% complete to conversion. The unit material cost is $5.0 for material and $6.0 for conversion. What is the amount of inventory transferred out? (Include commas in your answer)

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

Study On The Auditing Theory Of Socialism With Chinese Characteristics

Study On The Auditing Theory Of Socialism With Chinese Characteristics

Authors: Jiayi Liu

1st Edition

1119107814, 978-1119107811

More Books

Students also viewed these Accounting questions

Question

★★★★★
An article in the Wall Street Journal titled "Auto Sales Zoom, Helped by Low Prices at the Pump" includes a graphic showing increasing car and truck sales in one panel and decreasing gasoline prices...

Answered: 1 week ago

Question

★★★★★
30. Consider a random sample X1, X2, . . . , Xn from the shifted exponential pdf Taking u 0 gives the pdf of the exponential distribution considered previously (with positive density to the right of...

Answered: 1 week ago

Question

★★★★★
Refer to the information in Problem and assume the periodic inventory system is used. In Problem Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and...

Answered: 1 week ago

Question

★★★★★
Production data show 15,000 units were transferred out of a stage of production and 5,000 units remained in ending WIP inventory that was 100% complete to material and 35% complete to conversion. The...

Answered: 1 week ago

Question

★★★★★
Assignment: Module 5 Homework Questions Problem 11.12 (IRR and NPV) 15. 16. 17. 18. A company is analyzing two mutually exclusive projects, S and L, with the following cash flows

Answered: 1 week ago

Question

★★★★★
A goes to B's shop & purchases a silk saree thinking that it is made ofBanarast silk. The shopkeepers knows that 'A's thinking is wrong. Hehowever, does not correct 'A's impression latter on, when 4...

Answered: 1 week ago

Question

★★★★★
Logistics Solutions provides order fulfillment services for dot.com merchants. The company maintains warehouses that stock items carried by its dot.com clients. When a client receives an order from a...

Answered: 1 week ago

Question

★★★★★
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Direct materials Direct labor Hours Standard...

Answered: 1 week ago

Question

★★★★★
On January 1, 2025, Crane, Inc. signs a 10-year noncancelable lease agreement to lease a storage building from Monty Warehouse Company. Collectibility of the lease payments is reasonably predictable...

Answered: 1 week ago

Question

★★★★★
You need to implement a Teams Rooms system in four meeting spaces named Conference1, Conference2, Conference3, and Conference4. The solution must meet the following requirements: Each Teams Rooms...

Answered: 1 week ago

Question

★★★★★
Perform an Internet search. Discuss a company that uses EPLI.

Answered: 1 week ago

Question

★★★★★
How do you feel about employment-at-will policies? Are they fair?

Answered: 1 week ago

Question

★★★★★
Why do you think medical tourism has developed? Would you participate in it? Why or why not?

Answered: 1 week ago

Previous Question Next Question