Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Talamoto Co. manufactures a single product that goes through two processes mixing and cooking. The following data pertains to the Mixing Department for September. Work-in-process

Talamoto Co. manufactures a single product that goes through two processes mixing and cooking. The following data pertains to the Mixing Department for September. Work-in-process Inventory Sept. 1 32,000unitsConversion complete 70%Work-in-process inventory Sept. 30 23,000unitsConversion complete 50%Units started into production in Sept. 103,000 Units completed and transferred out ?unitsCosts Work-in-process inventory Sept.1 Material P$171,000 Material Q 157,000 Conversion 171,000 Costs added in September Material P$257,000 Material Q 236,000 Conversion 506,900 Material P is added at the beginning of work in the Mixing Department. Material Q is also added in the Mixing Department, but not until units of product are forty percent completed with regard to conversion. Conversion costs are incurred uniformly during the process.The cost of goods completed and transferred out under the weighted-average method is calculated to be: (Do not round your intermediate calculations.)

Multiple Choice

$1,498,900.

$1,295,902.

$1,194,302.

$1,270,302.

$1,225,302.

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

Students also viewed these Accounting questions

Question

What is the normality assumption in a single-factor model?

Answered: 1 week ago