Wildhorse Paints makes various interior and exterior paints for its customers, but its current focus is on its top-selling interior brand. Wildhorse produces the paint in its mixing department and then transfers the paint to the canning department. The following information is presented for the canning department in March, recognizing that the company adds its conversion costs evenly throughout the process. One unit is one gallon of paint. Units in beginning WIP Inventory Beginning WIP Inventory degree of completion Costs in beginning WIP Inventory New units started Costs added to WIP Inventory this period Units completed Units in ending WIP Inventory Ending WIP Inventory degree of completion Units 1,300 41,800 42,200 900 Transferred-In DM 100% $13,440 $2,020 100% 100% $401,280 $44,990 0% Conversion Costs 60% $1,720 $83,380 30%

Wildhorse Paints makes various interior and exterior paints for its customers, but its current focus is on its top-selling interior brand. Wildhorse produces the paint in its mixing department and then transfers the paint to the canning department. The following information is presented for the canning department in March, recognizing that the company adds its conversion costs evenly throughout the process. One unit is one gallon of paint. Units in beginning WIP Inventory Beginning WIP Inventory degree of completion Costs in beginning WIP Inventory New units started Costs added to WIP Inventory this period Units completed Units in ending WIP Inventory Ending WIP Inventory degree of completion Units 1,300 41,800 42,200 900 Transferred-In DM 100% $13,440 $2,020 100% 100% $401,280 $44,990 0% Conversion Costs 60% $1,720 $83,380 30%

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Description: Please do not give solution in image format thanku Wildhorse Paints makes various interior and exterior paints for its customers, but its current focus is on its top-selling interiorbrand. Wildhorse produces the paint in its mixing department and the

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 14PA: Loanstar had 100 units in beginning inventory before starting 950 units and completing 800 units....

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