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Author Question: Outose Concept manufactures small tables in its Processing Department. Direct materials are added at ... (Read 62 times)

jCorn1234

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on: Mar 6, 2021
Outose Concept manufactures small tables in its Processing Department. Direct materials are added at the initiation of the production cycle and must be bundled in single kits for each unit. Conversion costs are incurred evenly throughout the production cycle. Before inspection, some units are spoiled due to undetectable materials defects. Inspection occurs when units are 55% converted. Spoiled units generally constitute 5% of the good units. Data for December 2017 are as follows:

WIP, beginning inventory 12/1/201722,900 units
 Direct materials (100% complete)
 Conversion costs (75% complete)
Started during December76,800 units
Completed and transferred out 12/31/201772,000 units
WIP, ending inventory 12/31/201719,000 units
 Direct materials (100% complete)
 Conversion costs (70% complete)

Costs for December:
 WIP, beginning Inventory:
Direct materials$156,000
Conversion costs77,400
Direct materials added232,400
Conversion costs added293,000

What is the amount of direct materials and conversion costs assigned to ending work in process using the weighted-average process-costing method? (Round any cost per unit calculations to the nearest cent.)
◦ $40,484; $49,644
◦ $74,860; $51,870
◦ $74,100; $52,402
◦ $156,293; $12,620
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by jCorn1234 on Mar 6, 2021

nathang24

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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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jCorn1234

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Reply 2 on: Mar 6, 2021
Excellent

komodo7

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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