This topic contains a solution. Click here to go to the answer

Author Question: Samantha's Office Supplies manufactures desk organizers in its Processing Department. Direct ... (Read 38 times)

tiara099

  • Hero Member
  • *****
  • Posts: 588
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


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
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
Thanks for the timely response, appreciate it


flexer1n1

  • Member
  • Posts: 373
Reply 3 on: Yesterday
Gracias!

 

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

For a complete list of videos, visit our video library