Smabel Company is a new production facılity that manufactures identical bathtubs in a fully automated production line. The ending September 30 Work In Progress equivalent units for Direct Materials equals 342 and Converion Costs 225, Total units completed and transferred to Finished Goods Inventory was 860. Costs per unit for Direct Materials and Conversion Costs are $732.694 and $177.215. Finished goods inventory at September 1 was zero. Total raw materials acquired during the period totalled $860,000. Raw materials inventory at September 1 was $100,000. Calculate the total cost transferred to Finished Goods Inventory (

Smabel Company is a new production facılity that manufactures identical bathtubs in a fully automated production line. The ending September 30 Work In Progress equivalent units for Direct Materials equals 342 and Converion Costs 225, Total units completed and transferred to Finished Goods Inventory was 860. Costs per unit for Direct Materials and Conversion Costs are $732.694 and $177.215. Finished goods inventory at September 1 was zero. Total raw materials acquired during the period totalled $860,000. Raw materials inventory at September 1 was $100,000. Calculate the total cost transferred to Finished Goods Inventory (

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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