Weighted-Average Method Sosna Company has a department that manufactures wood trusses (wood frames used in the construction industry). The following information is for the production of these trusses for the month of February: Work-in-process inventory, February 1 Direct materials cost: 100 percent complete Conversion: 20 percent complete Units started during February Units completed during February and transferred out Work-in-process inventory, February 29 Direct materials: 100 percent complete Conversion cost: 40 percent complete Costs incurred during February 5,000 trusses $100,000 $135,000 12,000 trusses 13,000 trusses $ 50,000 $ 95,000 Direct materials Conversion

Weighted-Average Method Sosna Company has a department that manufactures wood trusses (wood frames used in the construction industry). The following information is for the production of these trusses for the month of February: Work-in-process inventory, February 1 Direct materials cost: 100 percent complete Conversion: 20 percent complete Units started during February Units completed during February and transferred out Work-in-process inventory, February 29 Direct materials: 100 percent complete Conversion cost: 40 percent complete Costs incurred during February 5,000 trusses $100,000 $135,000 12,000 trusses 13,000 trusses $ 50,000 $ 95,000 Direct materials Conversion

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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