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Category > Accounting Posted 12 Jul 2017 My Price 7.00

China Pacific Company

6-43    Weighted-Average Method China Pacific Company manufactures a variety of natural fabrics for the clothing industry in a suburb of Shanghai. The following data in Chinese currency called yuan pertain to the month of October.

 

 

Work-in-process inventory, October 1                               25,000 units

Direct materials: 60 percent complete                              57,000 yuan

Conversion: 30 percent complete                                45,000 yuan Cost incurred during October

Direct materials                                                 736,000 yuan

Conversion                                                   1,094,950 yuan

 

 

During October, 175,000 units were completed and transferred out. At the end of the month, 30,000 units (direct materials 80 percent and conversion 40 percent complete) remain in work-in- process inventory.

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Maurice Tutor
(5)
Status NEW Posted 12 Jul 2017 08:07 AM My Price 7.00

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