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Author Question: Samantha's Office Supplies manufactures desk organizers in its Processing Department. Direct ... (Read 30 times)

tiara099

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on: Mar 6, 2021
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
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by tiara099 on Mar 6, 2021

kardosa007

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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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tiara099

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Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review

FergA

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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