During February, FlowTech Company's Department A equivalent unit production costs computed under the average cost method were as follows: Materials $7 Conversion 9 Transferred-in 4 Materials are introduced at the end of the process in Department A. There were 9,000 units (50% complete as to conversion costs) in work in process at Feb 28. The total costs assigned to the February 28 work in process inventory should be: a. $40,500 b. $81,000 c. $76,500 d. $108,00
During February, FlowTech Company's Department A equivalent unit production costs computed under the average cost method were as follows: Materials $7 Conversion 9 Transferred-in 4 Materials are introduced at the end of the process in Department A. There were 9,000 units (50% complete as to conversion costs) in work in process at Feb 28. The total costs assigned to the February 28 work in process inventory should be: a. $40,500 b. $81,000 c. $76,500 d. $108,00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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During February, FlowTech Company's Department A equivalent unit production costs computed under the average cost method were as follows:
Materials $7
Conversion 9
Transferred-in 4
Materials are introduced at the end of the process in Department A. There were 9,000 units (50% complete as to conversion costs) in work in process at Feb 28. The total costs assigned to the February 28 work in process inventory should be:
a. $40,500
b. $81,000
c. $76,500
d. $108,00
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