Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Top That manufactures baseball-style hats. Material is introduced at the beginning of the process in the Cutting Department. Conversion costs are incurred (and allocated) uniformly

Top That manufactures baseball-style hats. Material is introduced at the beginning of the process in the Cutting Department. Conversion costs are incurred (and allocated) uniformly throughout the process. As the cutting of material is completed, the pieces are immediately transferred to the Sewing Department. Data for the Cutting Department for the month of February 2009 follow:

Work-in-process, January 3150,000 units

100% complete for direct materials; 40% completed for conversion costs actual costs of direct materials, $70,500; actual costs of conversion, $34,050

Units started during February, 225,000

Units completed during February 200,000

Work-in-process, February 2875,000 units

100% complete for direct materials; 20% completed for conversion costs

Direct materials added during February [actual costs]$342,000

Conversion costs added during February [actual costs]$352,950

1.Assuming Top That uses the weighted-average method to account for inventories, the equivalent units of work for the month of February are

Direct MaterialsConversion Costs

a.225,000225,000

b.200,000200,000

c.275,000215,000

d.225,000200,000

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

Step: 3

blur-text-image

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

Comparative international accounting

Authors: Christopher nobes, Robert parker

9th Edition

273703579, 978-0273703570

More Books

Students also viewed these Accounting questions

Question

Solve Utt = cUTT 0

Answered: 1 week ago