Pittsburgh Steel processes a single type of steel. For the current period the following information is given: Units Material Costs Conversion Costs $4800 $5800 Beginning Inventory Started During the Current Period Ending Inventory O $115.050 O $112,761 O $121,600 20,400 $91,200 3100 32,300 3400 All materials are added at the beginning of the production process. The beginning inventory was 50% complete as to conversion, while the ending inventory was 25% completed for conversion purposes. Pittsburgh uses the weighted-average costing method. What is the total cost assigned to the units completed and transferred this period? (Round intermediary dollar amounts to the nearest cent and total costs to the nearest whole dollar) 78,700

Pittsburgh Steel processes a single type of steel. For the current period the following information is given: Units Material Costs Conversion Costs $4800 $5800 Beginning Inventory Started During the Current Period Ending Inventory O $115.050 O $112,761 O $121,600 20,400 $91,200 3100 32,300 3400 All materials are added at the beginning of the production process. The beginning inventory was 50% complete as to conversion, while the ending inventory was 25% completed for conversion purposes. Pittsburgh uses the weighted-average costing method. What is the total cost assigned to the units completed and transferred this period? (Round intermediary dollar amounts to the nearest cent and total costs to the nearest whole dollar) 78,700

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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