This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Samantha's Office Supplies manufactures desk organizers in its Processing Department. Direct ... (Read 39 times)

tiara099

  • Hero Member
  • *****
  • Posts: 588
on: Mar 6, 2021
Samantha's Office Supplies manufactures desk organizers in its Processing Department. Direct materials are included at the inception of the production cycle and must be bundled in single kits for each unit. Conversion costs are incurred evenly throughout the production cycle. Inspection takes place as units are placed into production. After inspection, some units are spoiled due to undetectable material defects. Spoiled units generally constitute 5% of the good units. Data provided for February 2017 are as follows:

WIP, beginning inventory 2/1/201752,000 units
 Direct materials (100% complete)
 Conversion costs (50% complete)

Started during February170,400 units
Completed and transferred out180,600 units
WIP, ending inventory 2/28/201726,900 units
 Direct materials (100% complete)
 Conversion costs (20% complete)

Costs:
 WIP, beginning inventory:
Direct materials$280,100
Conversion costs80,400
Direct materials added408,000
Conversion costs added264,400

What costs are allocated to the ending work-in-process inventory for direct materials and conversion costs, respectively, using the FIFO method of process costing? (Round any cost per unit calculations to the nearest cent.)
◦ $1,285,820; $8124
◦ $62,816; $32,980
◦ $64,291; $8124
◦ $40,619; $12,552
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by tiara099 on Mar 6, 2021

kardosa007

  • Sr. Member
  • ****
  • Posts: 300
Reply #1 on: Mar 6, 2021
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 50% of students answer this correctly


tiara099

  • Member
  • Posts: 588
Reply 2 on: Mar 6, 2021
Excellent

T4T

  • Member
  • Posts: 348
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Cyanide works by making the human body unable to use oxygen.

When working with the patient with impaired hearing, the interpreter needs to direct questions to th When working with the patient with impaired hearing, the interpreter needs to direct questions to th
Processing of an mRNA molecule after transcription. Processing of an mRNA molecule after transcription.
Direct immunoassays. A labeled antibody binds directly to the antigen. The label on the antibody can ... Direct immunoassays. A labeled antibody binds directly to the antigen. The label on the antibody can ...
Apply direct thumb pressure into points along the upper trapezius from base of neck to shoulder. ... Apply direct thumb pressure into points along the upper trapezius from base of neck to shoulder. ...
Results from Kliegl's study show that older adults can learn complex information-processing Results from Kliegl's study show that older adults can learn complex information-processing
Stepwise processing of pri-miRNA to produce miRNA Stepwise processing of pri-miRNA to produce miRNA
Video: Spinal Cord Injury Animation

For a complete list of videos, visit our video library