Author Question: Comfort chair company manufacturers a standard recliner. During February, the firm's Assembly ... (Read 18 times)

bcretired · **on:** Mar 6, 2021

Comfort chair company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 73,900 chairs. During the month, the firm completed 78,400 chairs, and transferred them to the Finishing Department. The firm ended the month with 11,200 chairs in ending inventory. There were 15,700 chairs in beginning inventory. All direct materials costs are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. The FIFO method of process costing is used by Comfort. Beginning work in process was 25% complete as to conversion costs, while ending work in process was 70% complete as to conversion costs.

Beginning inventory:

Direct materials

$24,400

Conversion costs

$35,900

Manufacturing costs added during the accounting period:

Direct materials

$169,000

Conversion costs

$278,600

How many of the units that were started and completed during February?
◦ 85,100
◦ 78,400
◦ 73,900
◦ 62,700

TheDev123 · **Reply #1 on:** Mar 6, 2021

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