Hulu Inc. manufactures flutes using a two-department process. Direct materials are added at the beginning of the process in both the Assembly Department and the Finishing Department. Conversion costs are applied uniformly during both processing departments. The following has been reported for the Finishing Department for the month of July: Units in beginning work in process (70% complete) Units in ending work in process (25% complete) Units transferred in from Assembly in July 14,200 10,000 67,800 Costs in beginning work in process: Transferred-in costs $95,870 $28,560 $27,092 Direct materials Conversion costs Cost of units transferred in from Assembly in July $633,930 Costs added during July: $155,940 $91,720 $137,468 Direct materials Direct labor Applied overhead Assume Hulu uses the weighted-average method, what was the total cost of completed units transferred out of the Finishing Department in July? (Round the cost per equivalent unit to the nearest penny. Round your final answer to the nearest dollar.) a. $915,042 b. $409,680 c. $1,050,480 d. $1,019,058 e. $1,045,205 f. $843,302 g. $1,196,380 h. $989,202 i. None of the above 17.

Hulu Inc. manufactures flutes using a two-department process. Direct materials are added at the beginning of the process in both the Assembly Department and the Finishing Department. Conversion costs are applied uniformly during both processing departments. The following has been reported for the Finishing Department for the month of July: Units in beginning work in process (70% complete) Units in ending work in process (25% complete) Units transferred in from Assembly in July 14,200 10,000 67,800 Costs in beginning work in process: Transferred-in costs $95,870 $28,560 $27,092 Direct materials Conversion costs Cost of units transferred in from Assembly in July $633,930 Costs added during July: $155,940 $91,720 $137,468 Direct materials Direct labor Applied overhead Assume Hulu uses the weighted-average method, what was the total cost of completed units transferred out of the Finishing Department in July? (Round the cost per equivalent unit to the nearest penny. Round your final answer to the nearest dollar.) a. $915,042 b. $409,680 c. $1,050,480 d. $1,019,058 e. $1,045,205 f. $843,302 g. $1,196,380 h. $989,202 i. None of the above 17.

Name: ### Manufacturing Process for Flutes: Overview and Cost AnalysisHulu
Uploaded: 2024-03-20T06:32:49.000Z
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Description: ### Manufacturing Process for Flutes: Overview and Cost AnalysisHulu Inc. manufactures flutes using a two-department process: Assembly and Finishing. Direct materials are added at the beginning of the process in both departments, and conversion cost

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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