9. The Al Nabras Company uses the weighted average method in its process costing system. The company's ending work in process equivalent units were calculated as 11,000 units in respect to direct materials, and 9,000 units in respect to conversion. Also, total companies completed and transferred out equivalent units were calculated as 12,000 units for both direct materials and conversation cost. If the costs per equivalent unit are $8.00 for the materials and $5.20 for conversion, the total cost of the ending work in process inventory account would be: A. $160,000 B. $158,400 C. $293,200 D. $134,800

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
Solve this question with steps. The subject is Managerial Accounting.
9. The Al Nabras Company uses the weighted average method in its process costing
system. The company's ending work in process equivalent units were calculated as
11,000 units in respect to direct materials, and 9,000 units in respect to conversion.
Also, total companies completed and transferred out equivalent units were calculated
as 12,000 units for both direct materials and conversation cost. If the costs per
equivalent unit are $8.00 for the materials and $5.20 for conversion, the total cost of
the ending work in process inventory account would be:
A. $160,000
B. $158,400
C. $293,200
D. $134,800
Transcribed Image Text:9. The Al Nabras Company uses the weighted average method in its process costing system. The company's ending work in process equivalent units were calculated as 11,000 units in respect to direct materials, and 9,000 units in respect to conversion. Also, total companies completed and transferred out equivalent units were calculated as 12,000 units for both direct materials and conversation cost. If the costs per equivalent unit are $8.00 for the materials and $5.20 for conversion, the total cost of the ending work in process inventory account would be: A. $160,000 B. $158,400 C. $293,200 D. $134,800
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Management Accounting Profession
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education