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8,000 kites. During the menth, 42,000 kites were started while 44,000 were completed and transferred out of thd department. Kau had 45,500 equivalent units of duction for convernion costs. The ending WIP inventory in the department consisted of dected Answer 946,000 kites, 50% complete with respect to conversion costs. wers 6,000 kites, 50% complete with respect to conversion costs. O kites 8,000 kites, 25% complete with respect to conversion costs. o44,00 kites, 37.5% complete with respect to convension costs

8,000 kites. During the menth, 42,000 kites were started while 44,000 were completed and transferred out of thd department. Kau had 45,500 equivalent units of duction for convernion costs. The ending WIP inventory in the department consisted of dected Answer 946,000 kites, 50% complete with respect to conversion costs. wers 6,000 kites, 50% complete with respect to conversion costs. O kites 8,000 kites, 25% complete with respect to conversion costs. o44,00 kites, 37.5% complete with respect to convension costs

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Kau Kite Company uses the weighted average method in its process costing system. Kau's beginning work in process inventory in a particular department conmisted of 8000 kites. During the month, 42,000 kites were sturted while 4,000 were completed and transferred out of thd department. Kau had 45,500 equivalent units of production for conversion costs. The ending WIP inventory in the department consisted of Selected Anawer: oa 6,000 kites, 50% complete with respect to conversion costs. 6,000 kites, 50% complete with respecet to conversion costs. O kites Answers 8,000 kites, 25% complete with respect to conversion costs. o4 4,00 kites, 37.5% complete with respect to conversion costs
Transcribed Image Text:Kau Kite Company uses the weighted average method in its process costing system. Kau's beginning work in process inventory in a particular department conmisted of 8000 kites. During the month, 42,000 kites were sturted while 4,000 were completed and transferred out of thd department. Kau had 45,500 equivalent units of production for conversion costs. The ending WIP inventory in the department consisted of Selected Anawer: oa 6,000 kites, 50% complete with respect to conversion costs. 6,000 kites, 50% complete with respecet to conversion costs. O kites Answers 8,000 kites, 25% complete with respect to conversion costs. o4 4,00 kites, 37.5% complete with respect to conversion costs
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