[The following information applies to the questions displayed below] Pacific Ink had beginning work-in-process inventory of $861,960 on October 1. Of this amount, $351,920 was the cost of direct materials and $510,040 was the cost of conversion. The 54,000 units in the beginning inventory were 30 percent complete with respect to both direct materials and conversion costs. During October, 114,000 units were transferred out and 36,000 remained in ending inventory. The units in ending inventory were 80 percent complete with respect to direct materials and 40 percent complete with respect to conversion costs. Costs incurred during the period amounted to $2,721,900 for direct materials and $3,478,200 for conversion. Exercise 8-38 (Algo) Assign Costs to Goods Transferred Out and Ending Inventory: Weighted-Average Method (LO 8-2, 3) Compute the costs of goods transferred out and the ending inventory using the weighted-average method. (Round intermediate calculations to 2 decimal places.) Cost of goods transferred out Ending inventory
[The following information applies to the questions displayed below] Pacific Ink had beginning work-in-process inventory of $861,960 on October 1. Of this amount, $351,920 was the cost of direct materials and $510,040 was the cost of conversion. The 54,000 units in the beginning inventory were 30 percent complete with respect to both direct materials and conversion costs. During October, 114,000 units were transferred out and 36,000 remained in ending inventory. The units in ending inventory were 80 percent complete with respect to direct materials and 40 percent complete with respect to conversion costs. Costs incurred during the period amounted to $2,721,900 for direct materials and $3,478,200 for conversion. Exercise 8-38 (Algo) Assign Costs to Goods Transferred Out and Ending Inventory: Weighted-Average Method (LO 8-2, 3) Compute the costs of goods transferred out and the ending inventory using the weighted-average method. (Round intermediate calculations to 2 decimal places.) Cost of goods transferred out Ending inventory
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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[The following information applies to the questions displayed below]
Pacific Ink had beginning work-in-process inventory of $861,960 on October 1. Of this amount, $351,920 was the cost of
direct materials and $510,040 was the cost of conversion. The 54,000 units in the beginning inventory were 30 percent
complete with respect to both direct materials and conversion costs.
2.
During October, 114,000 units were transferred out and 36,000 remained in ending inventory. The units in ending
inventory were 80 percent complete with respect to direct materials and 40 percent complete with respect to conversion
costs. Costs incurred during the period amounted to $2,721,900 for direct materials and $3,478,200 for conversion.
Exercise 8-38 (Algo) Assign Costs to Goods Transferred Out and Ending lInventory: Weighted-Average
Method (LO 8-2, 3)
Book
Print
Compute the costs of goods transferred out and the ending inventory using the weighted-average method. (Round intermediate
calculations to 2 decimal places.)
eferences
Cost of goods transferred out
Ending inventory
Mc
Graw
Hill
4.
3.
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Transcribed Image Text:+ I/
V
MN
* 00
因
T
44
[The following information applies to the questions displayed below]
Pacific Ink had beginning work-in-process inventory of $861,960 on October 1. Of this amount, $351,920 was the cost of
direct materials and $510,040 was the cost of conversion. The 54,000 units in the beginning inventory were 30 percent
complete with respect to both direct materials and conversion costs.
2.
During October, 114,000 units were transferred out and 36,000 remained in ending inventory. The units in ending
inventory were 80 percent complete with respect to direct materials and 40 percent complete with respect to conversion
costs. Costs incurred during the period amounted to $2,721,900 for direct materials and $3,478,200 for conversion.
Exercise 8-38 (Algo) Assign Costs to Goods Transferred Out and Ending lInventory: Weighted-Average
Method (LO 8-2, 3)
Book
Print
Compute the costs of goods transferred out and the ending inventory using the weighted-average method. (Round intermediate
calculations to 2 decimal places.)
eferences
Cost of goods transferred out
Ending inventory
Mc
Graw
Hill
4.
3.
9 10
- Type here to search
近
PrtSc
Delete
反
F6
F7
F8
F10
F11
F12
su
F4
&
i
%23
R.
G
K.
B.
Alt
Alt
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