Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 13 Aug 2017 My Price 7.00

Baron Corporation

Baron Corporation has two sequential processing departments: Assembly then Shaping: The Shaping Department reports the following information. Conversion costs are applied evenly throughoutt the process.

 

Beginning WIP inventory = 8,000 units

Transferred-in cost in beginning WIP Inventory = $110,200

Direct Materials cost in beginning WIP inventory = $24,500

Conversion costs in beginning WIP inventory = $22,750

units transferred-in = 57,000 units

Transferred - in costs = $546,300

Units completed = 52,000

Cost added: direct materials = $167,120

Cost added: conversion costs = $245,570

Ending WIP inventory = 13,000 units

(40% complete for materials and 30% complte for conversion)

 

The Total cost of units transferred out to finished goods would be closest to. Show calculation.

 

a) 958,990

b) 949,000

c) 423,800

d) 1,040,250

Answers

Maurice Tutor
(5)
Status NEW Posted 13 Aug 2017 09:08 AM My Price 7.00

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