into production, and ed and transferred as inventory on May conversion cost in the CC
into production, and ed and transferred as inventory on May conversion cost in the CC
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter5: Process Cost Accounting—general Procedures
Section: Chapter Questions
Problem 17E
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Answer already solve in bertleby , I do not understand please do not copy that ans
![s the
Merced Corporation has a process costing system and uses the first-in, first-out method. For May, the company's beginning work in process
inventory was 75% complete with respect to conversion, and the ending work in process inventory was 80% complete with respect to conversion.
Information on units processed and conversion costs incurred during May follow:
Units Conversion
28,000 $ 44,000
Work in process inventory on May 1
Units started into production, and costs incurred during the month 130,000 s 266,700
Units completed and transferred to finished goods during the month 108,000
Work in process inventory on May 31
The amount of conversion cost in the ending work in process inventory was:
50,000
O 68,000
O $222,700
O $80,000
$84,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F42e9f650-3f34-47b2-b5f8-5ef1a9dcaa7f%2Fecaf189f-e6e9-4d7c-bc85-368c7d43ab0a%2Fodkl4o_processed.png&w=3840&q=75)
Transcribed Image Text:s the
Merced Corporation has a process costing system and uses the first-in, first-out method. For May, the company's beginning work in process
inventory was 75% complete with respect to conversion, and the ending work in process inventory was 80% complete with respect to conversion.
Information on units processed and conversion costs incurred during May follow:
Units Conversion
28,000 $ 44,000
Work in process inventory on May 1
Units started into production, and costs incurred during the month 130,000 s 266,700
Units completed and transferred to finished goods during the month 108,000
Work in process inventory on May 31
The amount of conversion cost in the ending work in process inventory was:
50,000
O 68,000
O $222,700
O $80,000
$84,000
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