Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Q61-10 Fuji Company has the following manufacturing information for June Percent Completed Units Materials Conversion Work in process, beginning 40,000 80% 75% Started into production
Q61-10 Fuji Company has the following manufacturing information for June | |||
Percent Completed | |||
Units | Materials | Conversion | |
Work in process, beginning | 40,000 | 80% | 75% |
Started into production | 175,000 | ||
Completed and transferred out | 160,000 | ||
Work in process, ending | 55,000 | 45% | 30% |
Costs | Materials | Conversion | |
Work in process, beginning | $ 25,200 | $ 24,800 | |
Cost added during June | $334,800 | $238,700 | |
The company uses the FIFO costing method. | |||
Required: what is the total Conversion cost for units transferred out? |
For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started