Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The AQUAV Company has the following production data: beginning work in process 25,000 units (60% complete), the costs of these units are $20,000 for material
The AQUAV Company has the following production data: beginning work in process 25,000 units (60% complete), the costs of these units are $20,000 for material and $35,000 for conversion costs. Started into production 475,000 units, completed and transferred out 470,000 units, and ending work in process 30,000 units (40% complete). Assuming materials are entered at the beginning of the process, During the month, $220,000 materials costs and $345,000 conversion costs were charged to the department. Using weighted average method How much is the total cost assigned to the completed units?
a.
$597,240
b.
$596,139
c.
$22,760
d.
$23,861
Clear my choice
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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