Question
Using the information and the weighted average method, calculate the amount of inventory (in dollars) that was transferred to finished goods inventory during the period.
Using the information and the weighted average method, calculate the amount of inventory (in dollars) that was transferred to finished goods inventory during the period. (Round to nearest dollar after calculations are complete. Do not round early.)
Equivalent Units | |||
| Flow of Production | Physical Units | Direct Materials | Conversion Costs |
| WIP: Beginning | 2000 | ||
| Started during current period | 7000 | ||
| To account for | 9000 | ||
| Completed & transferred out during current period | 6000 | 6000 | 6000 |
| WIP: Ending (100% DM, 30% CC) | 3000 | 3000 | 900 |
| Units accounted for | 9000 | ||
| Equivalent units of work done to date | 9000 | 6900 | |
| Direct Materials | Conversion Costs | |
| WIP: Beginning | 12,000 | 11,000 |
| Costs added in current period | 98,000 | 92,000 |
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Horngrens Accounting
Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura
12th edition
9780134487151, 013448715X, 978-0134674681
