Goodheart Pharmaceutical Company is a maker of drugs for high blood pressure and uses a process costing system. The following information pertains to the final department of Goodheart's blockbuster drug called Solcax. Beginning work-in-process (40% completed) Transferred-in Normal spoilage Abnormal spoilage Good units transferred out Ending work-in-process (1/3 completed) Conversion costs in beginning inventory Current conversion costs Multiple Choice Goodheart calculates separate costs of spollage by computing both normal and abnormal spoiled units. Normal spollage costs are reallocated to good units and abnormal spollage costs are charged as a loss. The units of Solcax that are spolled are the result of defects not discovered before inspection of finished units. Materials are added at the beginning of the process. Using the weighted-average method, answer the following question: What are the total conversion costs transferred to finished goods? O $8.979. O $10,629 O $11,809. O$9.800. 900 units 4,400 units 420 units 220 units 4,000 units 660 units $10.829. $4,607 $ 7,300
Goodheart Pharmaceutical Company is a maker of drugs for high blood pressure and uses a process costing system. The following information pertains to the final department of Goodheart's blockbuster drug called Solcax. Beginning work-in-process (40% completed) Transferred-in Normal spoilage Abnormal spoilage Good units transferred out Ending work-in-process (1/3 completed) Conversion costs in beginning inventory Current conversion costs Multiple Choice Goodheart calculates separate costs of spollage by computing both normal and abnormal spoiled units. Normal spollage costs are reallocated to good units and abnormal spollage costs are charged as a loss. The units of Solcax that are spolled are the result of defects not discovered before inspection of finished units. Materials are added at the beginning of the process. Using the weighted-average method, answer the following question: What are the total conversion costs transferred to finished goods? O $8.979. O $10,629 O $11,809. O$9.800. 900 units 4,400 units 420 units 220 units 4,000 units 660 units $10.829. $4,607 $ 7,300
Chapter1: Financial Statements And Business Decisions
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