Question content area top Part 1 At Global Tech Inc., direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (50% for conversion) 22,200 units Units started 123, 500 units Units completed and transferred out 116,700 units WIP ending (60% for conversion) 29,000 units Beginning WIP direct materials $41,000 Beginning WIP conversion costs $28,500 Costs of materials added $393,100 Costs of conversion added $270, 125 What is the total cost of units completed and transferred out? (Round intermediate calculations to the nearest cent and the final answer to the nearest dollar.) Question content area bottom Part 1 A. $616,961 B. $549,933 C. $608,007 D. $642,977

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 10E: Costs per equivalent unit Georgia Products Inc. completed and transferred 89,000 particle board...
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Question content area top
Part 1
At Global Tech Inc., direct materials are added at the beginning of the process and conversions costs are
uniformly applied. Other details include:
WIP beginning (50% for conversion)
22,200 units
Units started
123, 500 units
Units completed and transferred out
116,700 units
WIP ending (60% for conversion)
29,000 units
Beginning WIP direct materials
$41,000
Beginning WIP conversion costs
$28,500
Costs of materials added
$393,100
Costs of conversion added
$270, 125
Transcribed Image Text:Question content area top Part 1 At Global Tech Inc., direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (50% for conversion) 22,200 units Units started 123, 500 units Units completed and transferred out 116,700 units WIP ending (60% for conversion) 29,000 units Beginning WIP direct materials $41,000 Beginning WIP conversion costs $28,500 Costs of materials added $393,100 Costs of conversion added $270, 125
What is the total cost of units completed and transferred out? (Round intermediate calculations to the
nearest cent and the final answer to the nearest dollar.)
Question content area bottom
Part 1
A.
$616,961
B.
$549,933
C.
$608,007
D.
$642,977
Transcribed Image Text:What is the total cost of units completed and transferred out? (Round intermediate calculations to the nearest cent and the final answer to the nearest dollar.) Question content area bottom Part 1 A. $616,961 B. $549,933 C. $608,007 D. $642,977
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