ginning work in process in the finishing department was 75% complete as co conversion. Direct materials are added at the end of the process. Beginning inventories included $16,000 for transferred-in costs and $20,000 for conversion costs. Ending inventory was 25% complete. Additional information about the two departments follows: Finishing 20,000 50,000 Beginning work-in-process units Units started this period Units transferred this period Ending work-in-process units Material costs added 20,000 $28,000 $40,000 Direct manufacturing labor Other conversion costs $24,000 Required: Prepare a production cost worksheet using weighted-average for the FIFO for the finishing department. solution in a way fifo and weighted average

ginning work in process in the finishing department was 75% complete as co conversion. Direct materials are added at the end of the process. Beginning inventories included $16,000 for transferred-in costs and $20,000 for conversion costs. Ending inventory was 25% complete. Additional information about the two departments follows: Finishing 20,000 50,000 Beginning work-in-process units Units started this period Units transferred this period Ending work-in-process units Material costs added 20,000 $28,000 $40,000 Direct manufacturing labor Other conversion costs $24,000 Required: Prepare a production cost worksheet using weighted-average for the FIFO for the finishing department. solution in a way fifo and weighted average

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Description: ginning work in process in the finishing department was 75% complete as toconversion. Direct materials are added at the end of the process. Beginninginventories included $16,000 for transferred-in costs and $20,000 for conversioncosts. Ending invent

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 6PA: Narwhal Swimwear has a beginning work in process inventory of 13,500 units and transferred in...

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