QUESTION 6 Sandlewood Manufacturing's Work in Process records for October indicate the following related to its conversion costs: Beginning inventory... Conversion costs added.. Completed units transferred out. 50,000 Ending inventory... 3,000 EUS 7,000 EUS @ $5.000 per EU $229,000 .... What is the value of conversion costs transferred out of ending Work in Process Inventory for the month of September using the weighted average method? (Round to the nearest $1.00.)

QUESTION 6 Sandlewood Manufacturing's Work in Process records for October indicate the following related to its conversion costs: Beginning inventory... Conversion costs added.. Completed units transferred out. 50,000 Ending inventory... 3,000 EUS 7,000 EUS @ $5.000 per EU $229,000 .... What is the value of conversion costs transferred out of ending Work in Process Inventory for the month of September using the weighted average method? (Round to the nearest $1.00.)

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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Journalize the entries for the following transactions: a. Sold merchandise for cash, 25400. The cost of the merchandise was 15240. (Record the sale first.) b. Sold merchandise on account, 10610. The cost of merchandise sold was 6370. (Record the sale first.) c. Sold merchandise to customers who used MasterCard and Visa, $117,060. The cost of the merchandise sold was $70,240. (Record the sale first.) d. Sold merchandise to customers who used American Express, $40,890. The cost of the merchandise sold was $24,530. (Record the sale first.) e. Paid $7,870 to National Clearing House Credit Co. for service fees for processing Mastercard, Visa, and American Express sales.