FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Saada Corporation uses the weighted-
average method in its process costing
system. The Fitting Department is the
second department in its production
process. The data below summarize the
department's operations in March.
Beginning work
in process
inventory
Transferred in
from the prior
department
during March
Ending work in
process
inventory
Units
7,500
62,800
Percent
Complete with
Respect to
Conversion
20%
11,000 60%
The Fitting Department's cost per
equivalent unit for conversion cost for
March was $6.18. How much conversion
cost was assigned to the units transferred
out of the Fitting Department during
March?
Multiple Choice
$366,474
$434,454
$328,028
$388,104
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Transcribed Image Text:Saada Corporation uses the weighted- average method in its process costing system. The Fitting Department is the second department in its production process. The data below summarize the department's operations in March. Beginning work in process inventory Transferred in from the prior department during March Ending work in process inventory Units 7,500 62,800 Percent Complete with Respect to Conversion 20% 11,000 60% The Fitting Department's cost per equivalent unit for conversion cost for March was $6.18. How much conversion cost was assigned to the units transferred out of the Fitting Department during March? Multiple Choice $366,474 $434,454 $328,028 $388,104
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