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q. 22 fin onl plz answer The Caterpillar Company manufactures small garden tractors on a highly automated assembly line. Its costing system uses two cost
q. 22 fin onl plz answer
The Caterpillar Company manufactures small garden tractors on a highly automated assembly line. Its costing system uses two cost categories, direct materials and conversion costs. Each tractor must pass through the Assembly Department and theYTesting Department. Direct materials are added at the beginning of the production process. Conversion costs are allocated evenly throughout production. Caterpillar uses weighted-average costing. Data for the Assembly Department for April 2008 are: Work in process, beginning inventory: 400 units Direct materials (100\% complete) Conversion costs ( 40% complete) Units started during April 1,200 units Work in process, ending inventory: 250 units Direct materials ( 100% complete) Conversion costs ( 80% complete) $248,387$143,750$125,000$250,000 Step by Step Solution
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