Nutsy's Organic Peanut Butter Inc. has beginning inventory in their peanut crushing department of 30,000 units, which includes $3,000 of direct materials and $4,000 of conversion. During the period, Nutsy started 180,000 units and completed 200,000 units. Ending inventory was 60% complete with respect to direct materials and 20% complete with respect to conversion. Nutsy's costs for the period are as follows: Beginning Inventory: $7,000 Direct Materials Added: $491,400 Conversion Costs Added: $804,000 What are Nutsy's total costs for the period? Group of answer choices
Nutsy's Organic Peanut Butter Inc. has beginning inventory in their peanut crushing department of 30,000 units, which includes $3,000 of direct materials and $4,000 of conversion. During the period, Nutsy started 180,000 units and completed 200,000 units. Ending inventory was 60% complete with respect to direct materials and 20% complete with respect to conversion. Nutsy's costs for the period are as follows: Beginning Inventory: $7,000 Direct Materials Added: $491,400 Conversion Costs Added: $804,000 What are Nutsy's total costs for the period? Group of answer choices
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Nutsy's Organic Peanut Butter Inc. has beginning inventory in their peanut crushing department of 30,000 units, which includes $3,000 of direct materials and $4,000 of conversion.
During the period, Nutsy started 180,000 units and completed 200,000 units. Ending inventory was 60% complete with respect to direct materials and 20% complete with respect to conversion.
Nutsy's costs for the period are as follows:
Beginning Inventory: $7,000
Direct Materials Added: $491,400
Conversion Costs Added: $804,000
What are Nutsy's total costs for the period?
Group of answer choices
491,400
1,295,400
804,000
1,302,400
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education