Acme Company uses process costing. Here are data regarding the first processing department for the current month: WIP inventory, beginning ▪ Units . - Direct materials • Conversion costs Started in production Completed and transferred out Direct materials added Conversion costs incurred WIP inventory, ending $198,105 The units in ending work in process inventory are 70% complete with respect to direct materials and 55% complete with respect to conversion costs. What is the total cost of the units completed and transferred out from the first processing department to the second processing department during the month? Round cost per equivalent unit to 3 decimal places. $188,805 $171,263 1,100 units $7,500 $2,800 7,000 units 6,200 units O $213,795 $110,600 $83,700 1,900 units
Acme Company uses process costing. Here are data regarding the first processing department for the current month: WIP inventory, beginning ▪ Units . - Direct materials • Conversion costs Started in production Completed and transferred out Direct materials added Conversion costs incurred WIP inventory, ending $198,105 The units in ending work in process inventory are 70% complete with respect to direct materials and 55% complete with respect to conversion costs. What is the total cost of the units completed and transferred out from the first processing department to the second processing department during the month? Round cost per equivalent unit to 3 decimal places. $188,805 $171,263 1,100 units $7,500 $2,800 7,000 units 6,200 units O $213,795 $110,600 $83,700 1,900 units
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Acme Company uses process costing. Here are data regarding the first processing department
for the current month:
WIP inventory, beginning
.
▪ Units
▪ Direct materials
• Conversion costs
Started in production
Completed and transferred out
Direct materials added
Conversion costs incurred
WIP inventory, ending
O $198,105
The units in ending work in process inventory are 70% complete with respect to direct
materials and 55% complete with respect to conversion costs. What is the total cost of the
units completed and transferred out from the first processing department to the second
processing department during the month? Round cost per equivalent unit to 3 decimal places.
$188,805
1,100 units
$7,500
$2,800
7,000 units
6,200 units
O $171,263
O $213,795
$110,600
$83,700
1,900 units
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