Sales$1,230,000Selling and administrative expenses 210,000Direct materials used264,000Direct labor300,000Factory overhead *405,000*variable overhead is $205,000, fixed overhead is $200,000InventoriesJuly 1, 2018 July 31, 2018Direct materials $36,000$42,000Work in process 75,00084,000Finished goods 69,00057,000The conversion cost isa.$960,000b.$1,179,000c.$705,000d.$564,000

Name: Sales$1,230,000Selling and administrative expenses 210,000Direct mate
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Description: Sales$1,230,000Selling and administrative expenses 210,000Direct materials used264,000Direct labor300,000Factory overhead *405,000*variable overhead is $205,000, fixed overhead is $200,000InventoriesJuly 1, 2018 July 31, 2018Direct materials $36,000

Conversion costs are the costs incurred for converting raw material into finished goods so that they…

Answered: The conversion cost is a.S960,000…

Business

Accounting

The conversion cost is a.S960,000 b.$1,179,000 c.$705,000 d.$564,000

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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