Oriole Company has the following data available about its November production, its first month of production 50.700 units started and completed, and 10,300 units in ending work in process inventory that are 100% complete for direct materials and 65% complete for conversion costs 1 3 It uses the FIFO method to calculate equivalent units Unit direct materials cost is $16 and unit conversion cost is $23. The total costs to be assigned are $2.296.085. Determine the costs to be assigned to the units transferred out and the units in ending work in process inventory Costs assigned as follows: Completed and transferred out Work in process inventory, ending Direct materials Conversion) Total Cost $

Oriole Company has the following data available about its November production, its first month of production 50.700 units started and completed, and 10,300 units in ending work in process inventory that are 100% complete for direct materials and 65% complete for conversion costs 1 3 It uses the FIFO method to calculate equivalent units Unit direct materials cost is $16 and unit conversion cost is $23. The total costs to be assigned are $2.296.085. Determine the costs to be assigned to the units transferred out and the units in ending work in process inventory Costs assigned as follows: Completed and transferred out Work in process inventory, ending Direct materials Conversion) Total Cost $

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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