Acme Company uses process costing. During the current month, the first processing department had 650 units in beginning work in process inventory, started 6,200 units into production, and completed and transferred out 5,800 units. Here are data regarding costs: Beginning WIP inventory Costs added during the month Total production costs 40% If the cost per equivalent unit for direct materials is $48, what is the percentage of completion with respect to direct materials for the units in ending work in process inventory? 50% 60% Direct materials $ 8,260 290,300 $298,560 O 70% Conversion costs $ 25,700 385,550 $411,250

Acme Company uses process costing. During the current month, the first processing department had 650 units in beginning work in process inventory, started 6,200 units into production, and completed and transferred out 5,800 units. Here are data regarding costs: Beginning WIP inventory Costs added during the month Total production costs 40% If the cost per equivalent unit for direct materials is $48, what is the percentage of completion with respect to direct materials for the units in ending work in process inventory? 50% 60% Direct materials $ 8,260 290,300 $298,560 O 70% Conversion costs $ 25,700 385,550 $411,250

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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