Weiss Company Weiss Company adds material at the start of production. The following production information is available for September: Beginning Work in Process Inventory (45% complete as to conversion) 10,000 units Started this period 120,000 units Ending Work in Process Inventory (80% complete as to conversion) 8,200 units Beginning Work in Process Inventory Costs: Material $24,500 Conversion 68,905 Current Period Costs: Material $75,600 Conversion 130,053 Refer to Weiss Company. What is the cost of all units transferred out using the FIFO method? a. $191,289 b. $298,029 c. $287,004 d. $204,624

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Weiss Company Weiss Company adds material at the start of production. The following production information is available for
September:
Beginning Work in Process Inventory
(45% complete as to conversion) 10,000 units
Started this period 120,000 units
Ending Work in Process Inventory
(80% complete as to conversion) 8,200 units
Beginning Work in Process Inventory Costs:
Material $24,500
Conversion 68,905
Current Period Costs:
Material $75,600
Conversion 130,053
Refer to Weiss Company. What is the cost of all units transferred out using the FIFO method?
a. $191,289
b. $298,029
c. $287,004
d. $204,624
Transcribed Image Text:Weiss Company Weiss Company adds material at the start of production. The following production information is available for September: Beginning Work in Process Inventory (45% complete as to conversion) 10,000 units Started this period 120,000 units Ending Work in Process Inventory (80% complete as to conversion) 8,200 units Beginning Work in Process Inventory Costs: Material $24,500 Conversion 68,905 Current Period Costs: Material $75,600 Conversion 130,053 Refer to Weiss Company. What is the cost of all units transferred out using the FIFO method? a. $191,289 b. $298,029 c. $287,004 d. $204,624
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