Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sunland Company has no beginning Work in Process inventory; 4500 units are transferred out and 1100 units in ending Work in Process inventory are 15%

Sunland Company has no beginning Work in Process inventory; 4500 units are transferred out and 1100 units in ending Work in Process inventory are 15% finished related to conversion costs and fully complete related to direct materials cost. If direct materials added and beginning Work in Process inventory materials cost total $ 22960, how much is the direct materials cost per unit if the weighted-average method is used?

$ 4.92

$ 4.22

There is not enough information provided.

$ 4.10

Sheridan Company has unit costs of $ 8 for direct materials and $ 12 for conversion costs. There are 3400 units in ending Work in Process inventory that are 25% complete related to conversion costs, and fully complete related to direct materials cost. How much is the total cost assigned to the ending Work in Process inventory if the weighted-average method is used?

$ 10200

$ 37400

$ 68000

$ 27200

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_2

Step: 3

blur-text-image_3

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

Sound Investing, Chapter 19 - Related-Party Transaction Ruse

Authors: Kate Mooney

1st Edition

0071719415, 9780071719414

More Books

Students also viewed these Accounting questions

Question

How does government fit into GDP accounting?

Answered: 1 week ago