Beginning WIP Added This Month Total Direct Materials $ 900 $ 2,500 $ 3,400 Conversion Costs 200 5,860 6,060 $ 1,100 $ 8,360 $ 9,460 Total Boswell Company uses the weighted-average method in its process costing system. The Packaging Department started the month with 230 units in process, started 1,460 units, and had 110 units in process at the end of the period. All materials are added at the beginning of the process, and conversion costs are incurred uniformly. The units in process at the end of the month are 30% complete with respect to conversion costs. During the month 1,580 units were completed and transferred out. The department incurred the following costs: View the costs. A. 1,613 units OB. 1,580 units C. 1,460 units OD. 1,690 units
Beginning WIP Added This Month Total Direct Materials $ 900 $ 2,500 $ 3,400 Conversion Costs 200 5,860 6,060 $ 1,100 $ 8,360 $ 9,460 Total Boswell Company uses the weighted-average method in its process costing system. The Packaging Department started the month with 230 units in process, started 1,460 units, and had 110 units in process at the end of the period. All materials are added at the beginning of the process, and conversion costs are incurred uniformly. The units in process at the end of the month are 30% complete with respect to conversion costs. During the month 1,580 units were completed and transferred out. The department incurred the following costs: View the costs. A. 1,613 units OB. 1,580 units C. 1,460 units OD. 1,690 units
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 4CMA: A company is using process costing with the first-in, first-out (FIFO) method, and all costs are...
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