This topic contains a solution. Click here to go to the answer

Author Question: Use the information below to answer the following questions:Brooks Corporation uses the ... (Read 27 times)

karateprodigy

  • Hero Member
  • *****
  • Posts: 550
Use the information below to answer the following questions:

Brooks Corporation uses the weighted-average method for process costing and has two sequential processing departments: Assembly then Shaping.  The Shaping Department reports the following information.

Beginning WIP inventory6,000 units
Transferred-in costs in beginning WIP inventory$108,000
Direct materials cost in beginning WIP inventory$26,500
Conversion costs in beginning WIP inventory$20,750
Units transferred-in55,000 units
Transferred-in costs$530,000
Units completed50,000
Costs added:  direct materials$163,500
Costs added:  conversion costs$225,300
Ending WIP inventory11,000 units
(50% complete for materials and 40% complete for conversion)

What is the total number of equivalent units for conversion costs at Brooks Corporation?
◦ 61,000
◦ 54,400
◦ 59,400
◦ 52,400


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by karateprodigy on Jan 5, 2020

leahm14

  • Sr. Member
  • ****
  • Posts: 322
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 32% of students answer this correctly



big1devin

  • Hero Member
  • *****
  • Posts: 583
Use the information below to answer the following questions:

Brooks Corporation uses the weighted-average method for process costing and has two sequential processing departments: Assembly then Shaping.  The Shaping Department reports the following information.

Beginning WIP inventory6,000 units
Transferred-in costs in beginning WIP inventory$108,000
Direct materials cost in beginning WIP inventory$26,500
Conversion costs in beginning WIP inventory$20,750
Units transferred-in55,000 units
Transferred-in costs$530,000
Units completed50,000
Costs added:  direct materials$163,500
Costs added:  conversion costs$225,300
Ending WIP inventory11,000 units
(50% complete for materials and 40% complete for conversion)

At Brooks Corporation the total cost of units in ending WIP inventory-Shaping would be closest to
◦ $38,730
◦ $110,433
◦ $202,460
◦ $153,779




melina_rosy

  • Hero Member
  • *****
  • Posts: 531
Use the information below to answer the following questions:

Brooks Corporation uses the weighted-average method for process costing and has two sequential processing departments: Assembly then Shaping.  The Shaping Department reports the following information.

Beginning WIP inventory6,000 units
Transferred-in costs in beginning WIP inventory$108,000
Direct materials cost in beginning WIP inventory$26,500
Conversion costs in beginning WIP inventory$20,750
Units transferred-in55,000 units
Transferred-in costs$530,000
Units completed50,000
Costs added:  direct materials$163,500
Costs added:  conversion costs$225,300
Ending WIP inventory11,000 units
(50% complete for materials and 40% complete for conversion)

At Brooks Corporation the total cost of units transferred to finished goods would be closest to
◦ $397,320
◦ $920,271
◦ $918,800
◦ $1,012,298




 

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

For a complete list of videos, visit our video library