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

Author Question: FIFO Aluminum processes a single type of aluminum. During the current period the following ... (Read 531 times)

jwb375

  • Hero Member
  • *****
  • Posts: 540
on: Mar 6, 2021
FIFO Aluminum processes a single type of aluminum. During the current period the following information was given: 

​UnitsMaterial CostsConversion Costs
Beginning Inventory4800$5700$6600
Started During the Current Period20,80049,20067,000
Ending Inventory2900​​
All materials are added at the beginning of the production process. The beginning inventory was 35% complete as to conversion, while the ending inventory was 40% completed for conversion purposes. 

FIFO Aluminum uses the first-in, first-out system of process costing. 

What were the costs assigned to the units transferred out this period (Round intermediary calculations to the nearest cent)?
◦ $114,391
◦ $118,203
◦ $246,250
◦ $153,004
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 jwb375 on Mar 6, 2021

bblaney

  • Sr. Member
  • ****
  • Posts: 323
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 49% of students answer this correctly


jwb375

  • Member
  • Posts: 540
Reply 2 on: Mar 6, 2021
Gracias!

samiel-sayed

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Single E. coli bacterium Single E. coli bacterium
Observed Mother–Child Arguments at Five Time Points Over an Eight-Year Period Observed Mother–Child Arguments at Five Time Points Over an Eight-Year Period
Ogburn's Processes of Social Change Ogburn's Processes of Social Change
Comparison of a single-stranded RNA and a double-stranded DNA with their corresponding nucleobases. Comparison of a single-stranded RNA and a double-stranded DNA with their corresponding nucleobases.
Chilling Effect of a Cold Current Chilling Effect of a Cold Current
Embryonic Period Embryonic Period
Video: Glucose anabolism reactions: Glycogenolysis and Gluconeogenesis

For a complete list of videos, visit our video library