FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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At the end of the month, Herbicida calculated equivalent units of production in the Mixing Department as shown below
UNITS
Units accounted for
Equivalent Units
Direct Materials Costs
Equivalent Units
Conversion Costs
Completed and transferred
32,000
out
Ending work-in-process
32,000
OA. $32,000
OB. $192,000
OC. $160,000
OD. $352,000
7,000
39,000
7,000
39,000
32,000
4,200
36,200
The cost per equivalent unit of production using the weighted-average method is $6 for direct material costs and 55 for conversion costs. What is the cost of
units completed and transferred out?
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Transcribed Image Text:At the end of the month, Herbicida calculated equivalent units of production in the Mixing Department as shown below UNITS Units accounted for Equivalent Units Direct Materials Costs Equivalent Units Conversion Costs Completed and transferred 32,000 out Ending work-in-process 32,000 OA. $32,000 OB. $192,000 OC. $160,000 OD. $352,000 7,000 39,000 7,000 39,000 32,000 4,200 36,200 The cost per equivalent unit of production using the weighted-average method is $6 for direct material costs and 55 for conversion costs. What is the cost of units completed and transferred out?
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