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 542 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
Thanks for the timely response, appreciate it

jordangronback

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Wild-type versus mutant fly Wild-type versus mutant fly
What type of errors are these: calling only large dogs a dog and calling a dog a kitty? What type of errors are these: calling only large dogs a dog and calling a dog a kitty?
When the exhaust is lean, the PCM applies a positive current into the pump cell. When the exhaust is lean, the PCM applies a positive current into the pump cell.
Current Geopolitics and Civil Liberties Current Geopolitics and Civil Liberties
#38.Genetically identical organisms derived from a single genetic source are #39 #38.Genetically identical organisms derived from a single genetic source are #39
Comparison of E-type Climates Comparison of E-type Climates
Video: Component of feedback systems & Communication and regulation of body systems

For a complete list of videos, visit our video library