Acme Company uses process costing. During the current month, the first processing department's beginning work in process inventory includes 21,000 units that are 100% complete with respect to direct materials and 40 % complete with respect to conversion costs. During the month, 64,000 units are started and 59,000 units are completed and transferred out. If the cost per equivalent unit for the month is $2.20 for direct materials and $3.90 for conversion costs, what is the total cost of the units completed and transferred out of the department during the month? $359,900 $363,200 O $267,860 $317.000

Acme Company uses process costing. During the current month, the first processing department's beginning work in process inventory includes 21,000 units that are 100% complete with respect to direct materials and 40 % complete with respect to conversion costs. During the month, 64,000 units are started and 59,000 units are completed and transferred out. If the cost per equivalent unit for the month is $2.20 for direct materials and $3.90 for conversion costs, what is the total cost of the units completed and transferred out of the department during the month? $359,900 $363,200 O $267,860 $317.000

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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