9) Mullins Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Conversion costs dinom dtnom erit pub Beginning work in process inventory: belan 000 Units in beginning work in process inventory alsts 1,250 001 Materials costs inom od pub bebbs adeo noia $ 12,600 Von 10w $ 22,750 VI Percent complete with respect to materials Percent complete with respect to conversion moo Units started into production during the q 922 month of oq tiw edelamos tr Units transferred to the next department grizzsduring the month isqob gni be 00 80г 75% 65% 9,700 8,900 mot bestens 1200 Istot 9dT Materials costs added during the monthom sdt gnhub $170,300 Conversion costs added during the month 199 120" br$ 359,500 Ending work in process inventory: Units in ending work in process inventory Percent complete with respect to materials Percent complete with respect to conversion e12,2812 (A 208,212 2,050 ersaria (8 eos.rosa (a 65% 50% The cost of a completed unit transferred out of the department is closest to: illey ( I Note: Round equa algsein of 199929 and round all other whole number ditivemediate ca 000.0 A) $57.77 1200 vagninniged ed a gred 90 1200 9dT 21209 noiz LEO 2BW 109Leviups edT tuo benistan 919 B) $71.11 adibuat200 nov C) $60.94 D) $53.07 1200 to atinu 000,S2dnom sdt gnnua 10 0S.AZ bns alsinstsm 101 0.82 ed of betuq noisotni zid avid bodiem 9gs19vs-betrgiew 2w to bтtab bel 000 ar£2
9) Mullins Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Conversion costs dinom dtnom erit pub Beginning work in process inventory: belan 000 Units in beginning work in process inventory alsts 1,250 001 Materials costs inom od pub bebbs adeo noia $ 12,600 Von 10w $ 22,750 VI Percent complete with respect to materials Percent complete with respect to conversion moo Units started into production during the q 922 month of oq tiw edelamos tr Units transferred to the next department grizzsduring the month isqob gni be 00 80г 75% 65% 9,700 8,900 mot bestens 1200 Istot 9dT Materials costs added during the monthom sdt gnhub $170,300 Conversion costs added during the month 199 120" br$ 359,500 Ending work in process inventory: Units in ending work in process inventory Percent complete with respect to materials Percent complete with respect to conversion e12,2812 (A 208,212 2,050 ersaria (8 eos.rosa (a 65% 50% The cost of a completed unit transferred out of the department is closest to: illey ( I Note: Round equa algsein of 199929 and round all other whole number ditivemediate ca 000.0 A) $57.77 1200 vagninniged ed a gred 90 1200 9dT 21209 noiz LEO 2BW 109Leviups edT tuo benistan 919 B) $71.11 adibuat200 nov C) $60.94 D) $53.07 1200 to atinu 000,S2dnom sdt gnnua 10 0S.AZ bns alsinstsm 101 0.82 ed of betuq noisotni zid avid bodiem 9gs19vs-betrgiew 2w to bтtab bel 000 ar£2
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please do not give solution in image format thanku
Transcribed Image Text:9) Mullins Corporation uses the FIFO method in its process costing system. Data
concerning the first processing department for the most recent month are listed
below:
Conversion costs
dinom
dtnom erit pub
Beginning work in process inventory: belan
000 Units in beginning work in process inventory alsts 1,250
001 Materials costs inom od pub bebbs adeo noia $ 12,600
Von 10w $ 22,750
VI
Percent complete with respect to materials
Percent complete with respect to conversion
moo
Units started into production during the q
922 month
of oq tiw edelamos tr
Units transferred to the next department
grizzsduring the month isqob gni
be
00
80г
75%
65%
9,700
8,900
mot bestens 1200 Istot 9dT
Materials costs added during the monthom sdt gnhub $170,300
Conversion costs added during the month 199 120" br$ 359,500
Ending work in process inventory:
Units in ending work in process inventory
Percent complete with respect to materials
Percent complete with respect to conversion
e12,2812 (A
208,212 2,050
ersaria (8
eos.rosa (a
65%
50%
The cost of a completed unit transferred out of the department is closest to: illey (
I
Note: Round equa algsein of 199929 and round all other
whole number
ditivemediate ca
000.0
A) $57.77
1200
vagninniged ed
a gred 90 1200 9dT 21209 noiz
LEO
2BW 109Leviups edT tuo benistan 919
B) $71.11
adibuat200 nov
C) $60.94
D) $53.07 1200 to
atinu 000,S2dnom sdt gnnua
10 0S.AZ bns alsinstsm 101 0.82 ed of betuq
noisotni zid avid bodiem 9gs19vs-betrgiew
2w to bтtab bel
000 ar£2
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