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Question 6 Not yet answered Marked out of 1.00 P Flag question 10 During December, Krause Chemical Company had the following selected data concerning the
Question 6 Not yet answered Marked out of 1.00 P Flag question 10 During December, Krause Chemical Company had the following selected data concerning the manufacturing of Xyzine, an industrial cleaner. Physical Production Flow Units Completed and Transferred to the next department 100 Add: Ending work-in-process inventory (40% complete as to conversion) Total units to account for 110 Less: Beginning work-in-process inventory 20 (60% complete as to conversion) Units started during December 90 All materials are added at the beginning of processing in this department, and conversion costs are added uniformly during the process. The beginning work-in-process inventory had $120 of raw material and $180 of conversion costs incurred. Material added during December was $540 and conversion cost of $1,484 were incurred. Krause uses the weighted-average process-costing method. The total raw material costs in the ending work-in-process inventory for December are $120 $72 $60 $36
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