Required Information [The following information applies to the questions displayed below.] Bellevue Chemicals had beginning work-in-process Inventory of $254,765 on March 1. Of this amount, $102,210 was the cost of direct materials and $152,555 was the cost of conversion. The 24,320 units in the beginning inventory were 45 percent complete with respect to direct materials and 65 percent complete with respect to conversion costs. During March, 58,480 units were transferred out and 15,600 remained in ending Inventory. The units in ending Inventory were 70 percent complete with respect to direct materials and 15 percent complete with respect to conversion costs. Costs incurred during March amounted to $952,670 for direct materials and $1,057,763 for conversion. Compute the costs of goods transferred out and the ending Inventory for March using the weighted-average method. Note: Do not round Intermediate calculations. Round your final answers to the nearest whole dollar. Cost of goods transferred out Ending inventory
Required Information [The following information applies to the questions displayed below.] Bellevue Chemicals had beginning work-in-process Inventory of $254,765 on March 1. Of this amount, $102,210 was the cost of direct materials and $152,555 was the cost of conversion. The 24,320 units in the beginning inventory were 45 percent complete with respect to direct materials and 65 percent complete with respect to conversion costs. During March, 58,480 units were transferred out and 15,600 remained in ending Inventory. The units in ending Inventory were 70 percent complete with respect to direct materials and 15 percent complete with respect to conversion costs. Costs incurred during March amounted to $952,670 for direct materials and $1,057,763 for conversion. Compute the costs of goods transferred out and the ending Inventory for March using the weighted-average method. Note: Do not round Intermediate calculations. Round your final answers to the nearest whole dollar. Cost of goods transferred out Ending inventory
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Required Information
[The following information applies to the questions displayed below.]
Bellevue Chemicals had beginning work-in-process Inventory of $254,765 on March 1. Of this amount,
$102,210 was the cost of direct materials and $152,555 was the cost of conversion. The 24,320 units in
the beginning inventory were 45 percent complete with respect to direct materials and 65 percent
complete with respect to conversion costs.
During March, 58,480 units were transferred out and 15,600 remained in ending Inventory. The units in
ending Inventory were 70 percent complete with respect to direct materials and 15 percent complete with
respect to conversion costs. Costs incurred during March amounted to $952,670 for direct materials and
$1,057,763 for conversion.
Compute the costs of goods transferred out and the ending Inventory for March using the weighted-average method.
Note: Do not round Intermediate calculations. Round your final answers to the nearest whole dollar.
Cost of goods transferred out
Ending inventory](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff7373726-0d35-46ca-aa27-97bcf9126f3a%2F659da99b-5197-485f-bebf-8d0782c6a7c2%2Fwug2p7n_processed.png&w=3840&q=75)
Transcribed Image Text:!
Required Information
[The following information applies to the questions displayed below.]
Bellevue Chemicals had beginning work-in-process Inventory of $254,765 on March 1. Of this amount,
$102,210 was the cost of direct materials and $152,555 was the cost of conversion. The 24,320 units in
the beginning inventory were 45 percent complete with respect to direct materials and 65 percent
complete with respect to conversion costs.
During March, 58,480 units were transferred out and 15,600 remained in ending Inventory. The units in
ending Inventory were 70 percent complete with respect to direct materials and 15 percent complete with
respect to conversion costs. Costs incurred during March amounted to $952,670 for direct materials and
$1,057,763 for conversion.
Compute the costs of goods transferred out and the ending Inventory for March using the weighted-average method.
Note: Do not round Intermediate calculations. Round your final answers to the nearest whole dollar.
Cost of goods transferred out
Ending inventory
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