Question
The information regarding the materials used in the Blending Department in November is as follows: Units material costs Work in progress, November 1 3,200 $13,200
The information regarding the materials used in the Blending Department in November is as follows:
Units | material costs | |
Work in progress, November 1 | 3,200 | $13,200 |
Units started during November | 8,400 | 37,400 |
Units completed and transferred to the next department | 9,200 | |
Work in progress, November 30 | 2,400 |
If ending work-in-process inventory is 75% complete, using the average cost method, what was the cost of materials in work-in-process as of November 30?
Step by Step Solution
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The total units to account for are 3200 WIP on Nov 1 8400 units started in Nov 11600 The ...
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
12th Edition
978-0073526706, 9780073526706
