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Author Question: Use the information below to answer the following questions:Goody Company adds direct materials at ... (Read 32 times)

sc00by25

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Use the information below to answer the following questions:

Goody Company adds direct materials at the beginning of the process and adds conversion costs throughout the process.  The company uses the weighted-average method for process costing. Data for the finishing department follows:

WIP, April 112,000 units
Transferred-in costs in WIP, April 1$78,940
Direct materials (100%) in WIP, April 1$22,420
Conversion costs (70%) in WIP, April 1$21,385
Units transferred-in45,000
Transferred-in costs during April$540,900
Units completed42,000
April direct materials cost$157,500
April conversion costs$230,837
WIP, April 3015,000 units
(100% for materials and 60% for conversion costs)

The total number of physical units for which we have to account is
◦ 57,000.
◦ 42,000.
◦ 54,000.
◦ 60,000.


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Marked as best answer by sc00by25 on Jan 5, 2020

duy1981999

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sc00by25

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Reply 2 on: Jan 5, 2020
Thanks for the timely response, appreciate it


peter

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Reply 3 on: Yesterday
:D TYSM

 

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