Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Production data show 45,051 units were transferred out of a stage of production and 8,754 units remained in ending WIP inventory that was 100% complete

Production data show 45,051 units were transferred out of a stage of production and 8,754 units remained in ending WIP inventory that was 100% complete to material and 27% complete to conversion. The unit material cost is $8 for material and $7 for conversion. What is the amount of inventory remaining in ending work in process inventory? Round to the nearest whole dollar, no decimals.

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

Corporate Financial Accounting

Authors: Carl S. Warren, James M. Reeve

9th Edition

0324381921, 978-0324381924

More Books

Students also viewed these Accounting questions

Question

Give details of the use of ICT in workforce planning

Answered: 1 week ago

Question

Explain the various meanings of and approaches to flexible working

Answered: 1 week ago