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Author Question: Use the information below to answer the following questions:At Polson Company, materials are added ... (Read 196 times)

littleanan

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Use the information below to answer the following questions:

At Polson Company, materials are added at the beginning of the process and conversion costs are added uniformly.

Work in process, beginning:
Number of units8,000
Transferred-in costs$88,000
Direct materials (100%)$18,500
Conversion costs (70%)$24,700
Units transferred-in:
Number of units45,000
Transferred-in costs$630,000
Units completed42,000
Costs during the period:
Direct materials$157,500
Conversion costs$230,725
Work in process, ending:
Number of units11,000
(100% complete for materials and 45% complete for conversion)

On March 31, what is the total number of physical units to account for at Polson Company?
◦ 45,000
◦ 53,000
◦ 42,000
◦ 39,000


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Marked as best answer by littleanan on Jan 5, 2020

memslove

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littleanan

  • Hero Member
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  • Posts: 575
Use the information below to answer the following questions:

At Polson Company, materials are added at the beginning of the process and conversion costs are added uniformly.

Work in process, beginning:
Number of units8,000
Transferred-in costs$88,000
Direct materials (100%)$18,500
Conversion costs (70%)$24,700
Units transferred-in:
Number of units45,000
Transferred-in costs$630,000
Units completed42,000
Costs during the period:
Direct materials$157,500
Conversion costs$230,725
Work in process, ending:
Number of units11,000
(100% complete for materials and 45% complete for conversion)

On March 31, what would be the total equivalent units for direct materials at Polson Company?
◦ 42,000
◦ 50,000
◦ 53,000
◦ 39,000




Bob-Dole

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  • Posts: 547
Use the information below to answer the following questions:

At Polson Company, materials are added at the beginning of the process and conversion costs are added uniformly.

Work in process, beginning:
Number of units8,000
Transferred-in costs$88,000
Direct materials (100%)$18,500
Conversion costs (70%)$24,700
Units transferred-in:
Number of units45,000
Transferred-in costs$630,000
Units completed42,000
Costs during the period:
Direct materials$157,500
Conversion costs$230,725
Work in process, ending:
Number of units11,000
(100% complete for materials and 45% complete for conversion)

At Polson Company the total cost of units remaining in ending WIP inventory is closest to
◦ $212,477.
◦ $225,301.
◦ $245,391.
◦ $63,458.




meagbuch

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  • Posts: 568
Use the information below to answer the following questions:

At Polson Company, materials are added at the beginning of the process and conversion costs are added uniformly.

Work in process, beginning:
Number of units8,000
Transferred-in costs$88,000
Direct materials (100%)$18,500
Conversion costs (70%)$24,700
Units transferred-in:
Number of units45,000
Transferred-in costs$630,000
Units completed42,000
Costs during the period:
Direct materials$157,500
Conversion costs$230,725
Work in process, ending:
Number of units11,000
(100% complete for materials and 45% complete for conversion)

At Polson Company the total cost of units transferred to finished goods is closest to
◦ $1,149,425.
◦ $1,003,873.
◦ $936,948.
◦ $367,967.




 

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