Direct Materials Conversion Costs Total Beginning WIP Added This Month Total $ 200 $ 3,200 $ 3,400 500 5,820 6,320 $ 700 $ 9,020 $ 9,720 Burton Company uses the weighted-average method in its process costing system. The Packaging Department started the month with 200 units in process, started 1,500 units, and had 150 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 20% complete with respect to conversion costs. During the month 1,550 units were completed and transferred out. The department incurred the following costs: View the costs. A. 1,700 units B. 1,580 units ○ C. 1,550 units D. 1,500 units
Direct Materials Conversion Costs Total Beginning WIP Added This Month Total $ 200 $ 3,200 $ 3,400 500 5,820 6,320 $ 700 $ 9,020 $ 9,720 Burton Company uses the weighted-average method in its process costing system. The Packaging Department started the month with 200 units in process, started 1,500 units, and had 150 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 20% complete with respect to conversion costs. During the month 1,550 units were completed and transferred out. The department incurred the following costs: View the costs. A. 1,700 units B. 1,580 units ○ C. 1,550 units D. 1,500 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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