During June, Mirch May Company's Department B equivalent unit product costs computed under the average cost method were as follows: Materials $2 Conversion $3 Transferred-in Transferred-in $5 Materials are introduced at the end of the process in Department B. There were 4,000 units (60 % complete as to conversion costs) in work in process at June 30. The total costs assigned to the June 30 work in process inventory should be: a. $27,200. b. $24,800. c. $25,200.

During June, Mirch May Company's Department B equivalent unit product costs computed under the average cost method were as follows: Materials $2 Conversion $3 Transferred-in Transferred-in $5 Materials are introduced at the end of the process in Department B. There were 4,000 units (60 % complete as to conversion costs) in work in process at June 30. The total costs assigned to the June 30 work in process inventory should be: a. $27,200. b. $24,800. c. $25,200.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 6BE: The costs per equivalent unit of direct materials and conversion in the Rolling Department of Kraus...

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