Barney makes a single product in two Departments. The production data for Dept. 2 for Aug 2020 follows: Production Cost Transferred in Materials Conversion Quantities In Process, beginning (40% done) Received from Dept. 1 Completed and transferred In Process, end (60% done) O 70,000 O 111,600 Last Month This Month O 111,400 40,750 222,750 O 68,600 9,500 168,750 4,850 202,500 10,000 Materials are added at the start of the process, and losses normally occur continuously. 75,000 Using the weighted average method, how much is the cost of the work in process, ending? 62,500 15,000

Barney makes a single product in two Departments. The production data for Dept. 2 for Aug 2020 follows: Production Cost Transferred in Materials Conversion Quantities In Process, beginning (40% done) Received from Dept. 1 Completed and transferred In Process, end (60% done) O 70,000 O 111,600 Last Month This Month O 111,400 40,750 222,750 O 68,600 9,500 168,750 4,850 202,500 10,000 Materials are added at the start of the process, and losses normally occur continuously. 75,000 Using the weighted average method, how much is the cost of the work in process, ending? 62,500 15,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Question

Barney makes a single product in two Departments. The production data for Dept. 2 for Aug 2020 follows:
Production Cost
Transferred in
Materials
Conversion
Quantities
In Process, beginning (40% done)
Received from Dept. 1
Completed and transferred
In Process, end (60% done)
O 70,000
O 111,600
Last Month This Month
O 111,400
40,750 222,750
O 68,600
9,500 168,750
4,850 202,500
10,000
Materials are added at the start of the process, and losses normally occur continuously.
75,000
Using the weighted average method, how much is the cost of the work in process, ending?
62,500
15,000

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