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Author Question: Comfort chair company manufacturers a standard recliner. During February, the firm's Assembly ... (Read 88 times)

MGLQZ

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on: Mar 6, 2021
Comfort chair company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 73,000 chairs. During the month, the firm completed 78,600 chairs, and transferred them to the Finishing Department. The firm ended the month with 10,100 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 35% complete as to conversion costs, while ending work in process was 85% complete as to conversion costs.

Beginning inventory:
Direct materials$24,400
Conversion costs$36,000
Manufacturing costs added during the accounting period:
Direct materials$168,500
Conversion costs$278,500
What is the cost of the goods transferred out during February? 
(Round intermediary calculations to the nearest cent.)
◦ $429,194.09
◦ $454,987.05
◦ $478,261.76
◦ $507,400.00
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by MGLQZ on Mar 6, 2021

missalyssa26

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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.
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MGLQZ

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Reply 2 on: Mar 6, 2021
Great answer, keep it coming :)

sultansheikh

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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