Baron Corporation has two sequential processing departments Assembly and Shaping The Shaping Department reports the following information Conversion costs are applied evenly throughout the process Beginning WIP Inventory Transferred-in costs in beginning WIP Inventory Direct materials cost in beginning WIP Inventory Conversion costs in beginning WIP Inventory Units transferred-in Transferred-in costs Units completed Costs added direct materials Costs added: conversion costs Ending WIP Inventory (40% complete for materials and 30% complete for conversion) The total cost of units in ending WIP Inventory-Shaping would be closest to A $54,720 OB $341,400 OC. $54,728 To $235,900 9,000 units $113,200 $29.500 $22,750 56,000 units $541.300 47,000 $171,120 $249,570 18,000 units

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Baron Corporation has two sequential processing departments: Assembly and Shaping. The Shaping Department reports the following information Conversion costs are applied evenly throughout
the process.
Beginning WIP Inventory
Transferred-in costs in beginning WIP Inventory
Direct materials cost in beginning WIP Inventory
Conversion costs in beginning WIP Inventory
Units transferred-in
Transferred-in costs
Units completed
Costs added: direct materials
Costs added: conversion costs
Ending WIP Inventory
(40% complete for materials and 30% complete for conversion)
The total cost of units in ending WIP Inventory-Shaping would be closest to
A. $54,720.
OB. $341,400.
OC. $54,728.
to $235,000
9,000 units
$113,200
$29.500
$22,750
56,000 units
$541,300
47,000
$171,120
$249,570
18,000 units
Transcribed Image Text:Baron Corporation has two sequential processing departments: Assembly and Shaping. The Shaping Department reports the following information Conversion costs are applied evenly throughout the process. Beginning WIP Inventory Transferred-in costs in beginning WIP Inventory Direct materials cost in beginning WIP Inventory Conversion costs in beginning WIP Inventory Units transferred-in Transferred-in costs Units completed Costs added: direct materials Costs added: conversion costs Ending WIP Inventory (40% complete for materials and 30% complete for conversion) The total cost of units in ending WIP Inventory-Shaping would be closest to A. $54,720. OB. $341,400. OC. $54,728. to $235,000 9,000 units $113,200 $29.500 $22,750 56,000 units $541,300 47,000 $171,120 $249,570 18,000 units
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