Conversion costs added during the month. 599,240 Direct materials are placed into production at the beginning of the process. Normally, the spoiled units are 6% of the good units completed and are detected at the end of the process. Assume that Hawk Ltd. uses the Weighted-Average method. REQUIRED: Determine the TOTAL COST of goods completed and transferred to finished goods O a, $ 928,704. Ob. $ 921,600. OC.$877,440. Od. $ 905,664,
Conversion costs added during the month. 599,240 Direct materials are placed into production at the beginning of the process. Normally, the spoiled units are 6% of the good units completed and are detected at the end of the process. Assume that Hawk Ltd. uses the Weighted-Average method. REQUIRED: Determine the TOTAL COST of goods completed and transferred to finished goods O a, $ 928,704. Ob. $ 921,600. OC.$877,440. Od. $ 905,664,
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Hawk Ltd. uses process costing in its Fabricating Department
During December the records revealed the following;
Beginning Work in Process(40% complete the process) 12,000 units
Units started.
87,000
Good Units completed....
89,000
Ending Work in Process(70% complete the process)
3,000
Spoiled Units.
--.-.... 7,000
Beginning Work in Process- Direct Materials
$36,800
Conversion Costs.
28,600
Direct Materials added during the month
280,000
Conversion costs added during the month
599.240
Direct materials are placed into production at the beginning of the process.
Transcribed Image Text:CONVCTSTOT COS
20,000
Direct Materials added during the month.
280,000
Conversion costs added during the month.
599,240
Direct materials are placed into production at thc beginning of the process.
Normally, the spoiled units are 6% of the good units completed and are detected at the end of the process.
Assume that Hawk Ltd, uses the Weighted-Average method,
REQUIRED: Dotermine the TOTAL COST of goods completed and transferred to finished goods
O a, $ 928,704.
Ob. $ 921,600.
c. $ 877,440.
Od.$ 905,664,
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