Question
Wright Company adds material at the start of production. The following production information is available for September: Beginning Work in Process Inventory (45% complete as
Wright Company adds material at the start of production. The following production information is available for September:
| Beginning Work in Process Inventory |
|
| |
|
| (45% complete as to conversion) | 10,000 | units |
| Started this period | 120,000 | units | |
| Ending Work in Process Inventory |
|
| |
|
| (80% complete as to conversion) | 8,200 | units
|
| Beginning Work in Process Inventory Costs: |
|
| |
|
| Material | $24,500 |
|
|
| Conversion | 68,905 |
|
| Current Period Costs: |
|
| |
|
| Material | $ 75,600 |
|
|
| Conversion | 130,053 |
|
Wh
What
What What is the cost of units completed using the weighted average method?
| A. | $282,576 | |
| B. | $237,510 | |
| C. | $266,742 | |
| D. | $278,400 |
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Auditing and Accounting Cases Investigating Issues of Fraud and Professional Ethics
Authors: Jay Thibodeau, Deborah Freier
4th edition
78025567, 978-0078025563
