Current Attempt in Progress Monty Company has the following production data for June: units completed and transferred out, 49,000 and ending work in process inventory, 5,880 units that are 100% complete for materials and 30% complete for conversion costs. Unit materials cost is $5 and unit conversion cost is $7. Determine the costs to be assigned to the units completed and transferred out and the units in ending work in process inventory. Cost assigned to units completed and transferred out Cost assigned to the units in ending work in process inventory Save for Later $ $ Attempts: 0 of 1 used Submit Answer

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
Section: Chapter Questions
Problem 3PB: Vexar manufactures nails. Manufacturing is a one-step process where the nails are forged. This is...
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Current Attempt in Progress
Monty Company has the following production data for June: units completed and transferred out, 49,000 and ending work in process
inventory, 5,880 units that are 100% complete for materials and 30% complete for conversion costs. Unit materials cost is $5 and unit
conversion cost is $7.
Determine the costs to be assigned to the units completed and transferred out and the units in ending work in process inventory.
Cost assigned to units completed and transferred out
Cost assigned to the units in ending work in process inventory
Save for Later
$
$
Attempts: 0 of 1 used Submit Answer
Transcribed Image Text:Current Attempt in Progress Monty Company has the following production data for June: units completed and transferred out, 49,000 and ending work in process inventory, 5,880 units that are 100% complete for materials and 30% complete for conversion costs. Unit materials cost is $5 and unit conversion cost is $7. Determine the costs to be assigned to the units completed and transferred out and the units in ending work in process inventory. Cost assigned to units completed and transferred out Cost assigned to the units in ending work in process inventory Save for Later $ $ Attempts: 0 of 1 used Submit Answer
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