Ivanhoe Company has the following production data for April: 39,350 units completed and transferred out, and 4,500 units in ending work in process inventory that are 100% complete for materials and 40% complete for conversion costs. If unit materials cost is $4 and unit conversion cost is $11, determine the costs to be assigned to the units completed and transferred out and the units in ending work in process inventory. Cost of units completed and transferred out Senter a dollar amount Cost of units in ending work in process inventory Senter a dollar amount

Ivanhoe Company has the following production data for April: 39,350 units completed and transferred out, and 4,500 units in ending work in process inventory that are 100% complete for materials and 40% complete for conversion costs. If unit materials cost is $4 and unit conversion cost is $11, determine the costs to be assigned to the units completed and transferred out and the units in ending work in process inventory. Cost of units completed and transferred out Senter a dollar amount Cost of units in ending work in process inventory Senter a dollar amount

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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