Consider the information in the table below. All materials are added at the beginning of the product process. Degree of completion in this department is: Direct material 60% and conversion cost 30%. What is the assigned conversion costs to the units competed if the company uses the weighted average costing system? Unit Direct material Conversion cost Work-in-process 3,000 $4,500 $5,400 beginning Started with current 20,000 $32,000 $78,200 period Ending work-in-process 2,500
Consider the information in the table below. All materials are added at the beginning of the product process. Degree of completion in this department is: Direct material 60% and conversion cost 30%. What is the assigned conversion costs to the units competed if the company uses the weighted average costing system? Unit Direct material Conversion cost Work-in-process 3,000 $4,500 $5,400 beginning Started with current 20,000 $32,000 $78,200 period Ending work-in-process 2,500
Chapter5: Process Costing
Section: Chapter Questions
Problem 11EA: Mazomanie Farm completed 20,000 units during the quarter and has 2,500 units still in process. The...
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