Materials 100% complete, conversion cost 40% complete Materials 100% complete, conversion cost 20% complete arted in process during the period its completed and transferred to the next department its completed and transferred to finished goods inventory ork in process inventory, end: Materials 100% complete, conversion cost 60% complete Materials 100% complete, conversion cost 30% complete 4,000 6,000 40,000 34,000 38,000 10,000 2,000 sts: sts of beginning work in process inventory transferred in 40,000 sts of beginning work in process inventory from this dept. Materials 14,000 15,840 29,840 12,000 13,520 25,520 Conversion costs Total st added during the period: Materials Conversion costs tal 140,000 140,160 280,160 80,000 110,000 190,000

Materials 100% complete, conversion cost 40% complete Materials 100% complete, conversion cost 20% complete arted in process during the period its completed and transferred to the next department its completed and transferred to finished goods inventory ork in process inventory, end: Materials 100% complete, conversion cost 60% complete Materials 100% complete, conversion cost 30% complete 4,000 6,000 40,000 34,000 38,000 10,000 2,000 sts: sts of beginning work in process inventory transferred in 40,000 sts of beginning work in process inventory from this dept. Materials 14,000 15,840 29,840 12,000 13,520 25,520 Conversion costs Total st added during the period: Materials Conversion costs tal 140,000 140,160 280,160 80,000 110,000 190,000

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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