Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question Content Area The manufacturing data for the Assembly Department for April are as follows: Line Item Description Amount April 1 , balance, 3 ,

Question Content Area
The manufacturing data for the Assembly Department for April are as follows:
Line Item Description Amount
April 1, balance, 3,000 units, 80% completed $12,900
Materials added during April, 10,000 units 26,500
Conversion costs during April 33,400
Goods finished during April, 11,500 units
April 30, work in process, 1,500 units, 60% completed
All direct materials are placed in process during production, and the weighted average method is used to cost inventories.
The cost allocated to the units in ending work in process (with interim computations to rounded nearest cent) is
a. $2,382
b. $3,005
c. $3,456
d. $2,658

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

Intermediate Accounting

Authors: kieso, weygandt and warfield.

IFRS Edition

978-1118443965, 1118800532, 9781118800539, 978-0470873991

More Books

Students also viewed these Accounting questions

Question

a. What is the name of the university?

Answered: 1 week ago