Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Save Answer At the start of January, Arctic Antifreeze Company had Beginning Work in Process of 2,000 units that were 100 percent complete with respect
Save Answer At the start of January, Arctic Antifreeze Company had Beginning Work in Process of 2,000 units that were 100 percent complete with respect to material and 50 percent complete with respect to conversion costs. During the month, the company started production of 40,000 units Ending Work in Process was 4,000 units that were 100 percent complete for materials and 50 percent complete for conversion costs The cost of the units was: BWIP Costs Added Material $5,000 $125,000 Conversion $2,000 $80,000 How much is the cost of ending Work in Process? a $16,300 b. $82,000 c. $42,000 d. $12,200 NOTE - This is the same information as question 12 At the start of January, Arctic Antifreeze Company had Beginning Work in Process of 2,000 units that were 100 percent complete with respect to material and 50 percent complete with respect to conversion costs. During the month, the company started production of 40,000 units Ending Work in Process was 4,000 units that were 100 percent complete for materials and 50 percent complete for conversion costs The cost of the units was: BWIP Costs Added Material $5,000 $125,000 Conversion $2,000 $80,000 How much is the cost of units completed? a $195,700 b. $130,000 c. $16,300 d. $12,200
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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