Department A had 4,000 units in Work in Process that were 69% completed at the beginning of the period at a cost of $8,000. During the period, 33,400 units of direct materials were added at a cost of $76,820, and 34,400 units were completed. At the end of the period, 3,000 units were 28% completed. All materials are added at the beginning of the process. Direct labor was $25,800 and factory overhead was $5,000. The cost of the 3,000 units in process at the end of the period if the first-in, first-out method is used to cost inventories was a. $7,299 b. $7,697 c. $8,494 d. $6,900

Department A had 4,000 units in Work in Process that were 69% completed at the beginning of the period at a cost of $8,000. During the period, 33,400 units of direct materials were added at a cost of $76,820, and 34,400 units were completed. At the end of the period, 3,000 units were 28% completed. All materials are added at the beginning of the process. Direct labor was $25,800 and factory overhead was $5,000. The cost of the 3,000 units in process at the end of the period if the first-in, first-out method is used to cost inventories was a. $7,299 b. $7,697 c. $8,494 d. $6,900

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Description: Department A had 4,000 units in Work in Process that were 69% completed at the beginning ofthe period at a cost of $8,000. During the period, 33,400 units of direct materials were added at acost of $76,820, and 34,400 units were completed. At the en

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 5E: The Converting Department of Worley Company had 2,400 units in work in process at the beginning of...

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