During December, Rian Company's Department B equivalent unit product costs, computed under the weighted average method: Materials: P1 Conversion: 3 Transferred in: 5 Materials are introduced at the end of the process in Department B. Work in process at December 31 shows 4,000 units (which were 40% complete as to conversion costs). The total costs assigned to the December 31 work in process inventory should be: * O a. 36,000 O b. 28,800 O c. 27,200 O d. 24,800

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

QUESTION 24

Cost Accounting
Choose the answer from the choices

During December, Rian Company's Department B equivalent unit product costs, computed
under the weighted average method:
Materials: P1
Conversion: 3
Transferred in: 5
Materials are introduced at the end of the process in Department B. Work in process at
December 31 shows 4,000 units (which were 40% complete as to conversion costs). The total
costs assigned to the December 31 work in process inventory should be: *
O a. 36,000
O b. 28,800
O c. 27,200
O d. 24,800
Transcribed Image Text:During December, Rian Company's Department B equivalent unit product costs, computed under the weighted average method: Materials: P1 Conversion: 3 Transferred in: 5 Materials are introduced at the end of the process in Department B. Work in process at December 31 shows 4,000 units (which were 40% complete as to conversion costs). The total costs assigned to the December 31 work in process inventory should be: * O a. 36,000 O b. 28,800 O c. 27,200 O d. 24,800
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Accounting Principles
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education