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

Author Question: Use the information below to answer the following questions:Units:Beginning WIP52,000 80% for ... (Read 20 times)

jessicacav

  • Hero Member
  • *****
  • Posts: 558
Use the information below to answer the following questions:

Units:
Beginning WIP52,000
80% for materials
30% for conversion
Transferred-in200,000
Completed228,000
Ending WIP
50% for materials
10% for conversion24,000
Costs:
Beginning WIP
Direct materials$     68,000
Conversion146,200
Transferred-in94,000
      Total Beginning WIP$   308,200
Transferred-in from department 1$1,600,000
Direct materials added$   907,250
Conversion added $   542,000


If the Singleton Company uses the weighted-average method, then the what is the closest amount that would be in WIP ending inventory?
◦ $55,931
◦ $217,265
◦ $330,546
◦ $308,200


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by jessicacav on Jan 5, 2020

Joy Chen

  • Sr. Member
  • ****
  • Posts: 354
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 32% of students answer this correctly




jessicacav

  • Member
  • Posts: 558
Reply 2 on: Jan 5, 2020
Excellent


AISCAMPING

  • Member
  • Posts: 347
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

For a complete list of videos, visit our video library