inning and newly added costs for May are as follows. Step 3: Account for costs sts in beginning WIP Inventory (from last period) sts added to WIP Inventory this period al costs to account for Total costs DM $2,100 13,160 $15,260 $11,100 $1,580 9,520 Conversion Costs $520 3,640 $4,160
inning and newly added costs for May are as follows. Step 3: Account for costs sts in beginning WIP Inventory (from last period) sts added to WIP Inventory this period al costs to account for Total costs DM $2,100 13,160 $15,260 $11,100 $1,580 9,520 Conversion Costs $520 3,640 $4,160
Chapter5: Process Costing
Section: Chapter Questions
Problem 9PA: The packaging department began the month with 500 units that were 100% complete with regard to...
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![The processing department at Nash Corporation evaluated the costs associated with manufacturing paper towels for the past month.
Beginning and newly added costs for May are as follows.
Costs in beginning WIP Inventory (from last period)
Costs added to WIP Inventory this period
Total costs to account for
(a)
Your answer is partially correct.
Beginning Balance
Step 3: Account for costs
New DM
New Conversion Costs V
Ending Balance
Total costs
$2,100
13,160
$15,260 $11,100
Show the T-account for Nash's WIP Inventory reflecting all of the appropriate costs above.
WIP Inventory
2100
0
DM
13160
$1,580
15260
9,520
Conversion Costs
Beginning Balance
New DM
New Conversion Costs
Ending Balance
V
$520
3.640
$4,160
13160
0
2100
15260](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fac06c900-dc52-42b8-b0c3-6a4d7bd22308%2F08811ac9-4eb6-4820-9324-77bda06e577c%2Fanjq3ni_processed.png&w=3840&q=75)
Transcribed Image Text:The processing department at Nash Corporation evaluated the costs associated with manufacturing paper towels for the past month.
Beginning and newly added costs for May are as follows.
Costs in beginning WIP Inventory (from last period)
Costs added to WIP Inventory this period
Total costs to account for
(a)
Your answer is partially correct.
Beginning Balance
Step 3: Account for costs
New DM
New Conversion Costs V
Ending Balance
Total costs
$2,100
13,160
$15,260 $11,100
Show the T-account for Nash's WIP Inventory reflecting all of the appropriate costs above.
WIP Inventory
2100
0
DM
13160
$1,580
15260
9,520
Conversion Costs
Beginning Balance
New DM
New Conversion Costs
Ending Balance
V
$520
3.640
$4,160
13160
0
2100
15260
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