Production data show 35,840 units were transferred out of a stage of production and 6,200 units remained in ending WIP inventory that was 100% complete to material a complete to conversion. The unit material cost is $5 for material and $7 for conversion. What is the amount of inventory transferred out and remaining in ending work in inventory? Transferred out Ending inventory $ %24

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Production data show 35,840 units were transferred out of a stage of production and 6,200 units remained in ending WIP inventory that was 100% complete to material and 40%
complete to conversion. The unit material cost is $5 for material and $7 for conversion. What is the amount of inventory transferred out and remaining in ending work in process
inventory?
Transferred out
Ending inventory $
Transcribed Image Text:%24 1/1 ngageNOWv2 | Online teachir X com/ilrn/takeAssignment/takeAssignmentMar.ao?invoker=&takeAssignmentSessionLocator=&inprogress=false 巴 eBook Production data show 35,840 units were transferred out of a stage of production and 6,200 units remained in ending WIP inventory that was 100% complete to material and 40% complete to conversion. The unit material cost is $5 for material and $7 for conversion. What is the amount of inventory transferred out and remaining in ending work in process inventory? Transferred out Ending inventory $
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