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! Required Information [ The following informatlon applles to the questions displayed below. ] Bellevue Chemicals had beginning work - In - process Inventory of
Required Information
The following informatlon applles to the questions displayed below.
Bellevue Chemicals had beginning workInprocess Inventory of $ on March Of this amount, $ was the
cost of direct materials and $ was the cost of conversion. The units in the beginning inventory were
percent complete with respect to direct materlals and percent complete with respect to conversion costs.
During March, units were transferred out and remained in ending Inventory. The units in ending Inventory
were percent complete with respect to direct materials and percent complete with respect to conversion costs.
Costs incurred during March amounted to $ for direct materials and $ for conversion.
a Compute the cost of goods transferred out and the cost of ending Inventory for March using the FIFO method.
a Is the ending inventory higher or lower under the weightedaverage method compared to FIFO?
Complete this question by entering your answers in the tabs below.
Req A
Req A
Compute the cost of goods transferred out and the cost of ending inventory for March using the FIFO method.
Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar.
Cost of goods transferred out
Cost of ending inventory
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