The packaging department began the month with 500 units that were 100% complete with regard to material and conversion. It received 9,400 units from the processing department and ended the month with 550 units that were 100% complete with regard to materials and 20% complete with regard to conversion. With a $3 per unit cost for conversion and a $3 per unit cost for materials, what is the cost of the units transferred out and remaining in ending inventory? Units transferred out fill in the blank 1 Ending inventory fill in the blank

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The packaging department began the month with 500 units that were 100% complete with regard to material and conversion. It received 9,400 units from the processing department and ended the month with 550 units that were 100% complete with regard to materials and 20% complete with regard to conversion. With a $3 per unit cost for conversion and a $3 per unit cost for materials, what is the cost of the units transferred out and remaining in ending inventory?

Units transferred out fill in the blank 1
Ending inventory fill in the blank 2

 

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