Antoinette Nunally Company uses the weighted average method of process costing. It had 30,000 units in beginning ventory, which were 80% complete as to materials and 65% complete as to conversion. During the month, it started 30,000 units. At the end of the month, 20,000 units were in inventory, which were 60% complete as to materials and 25% complete as to conversion. Cost information is as follows: Beginning work in process inventory: Direct materials costs Conversion costs Total beginning inventory cost Costs added during the month: Direct materials costs Conversion costs Total costs added during the month Total production costs $75,600 90,675 282,800 392,325 $166,275 675,125 $841,400

Antoinette Nunally Company uses the weighted average method of process costing. It had 30,000 units in beginning ventory, which were 80% complete as to materials and 65% complete as to conversion. During the month, it started 30,000 units. At the end of the month, 20,000 units were in inventory, which were 60% complete as to materials and 25% complete as to conversion. Cost information is as follows: Beginning work in process inventory: Direct materials costs Conversion costs Total beginning inventory cost Costs added during the month: Direct materials costs Conversion costs Total costs added during the month Total production costs $75,600 90,675 282,800 392,325 $166,275 675,125 $841,400

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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