Window Help Chrome File Edit View History Bookmarks People D chapter Quiz 3 G A.

Question

Window Help Chrome File Edit View History Bookmarks People D chapter Quiz 3 G A.) Chae Corporation Uses T. Assignments: ACO 2011-CR connect. Managerial Accounting 80679 Fall 2017: ACG2071- ACCOUNTING Chapter Qutz 3 Question 11 (of 40) Chee Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 680 units. The costs and percentage completion of these units in beginning inventory were A total of 9,900 units were started and 8,400 units were transferred to the second processing depertment during the month. The folowing costs were Incurred in the first processing depertment during the month The ending inventory was 90% complete with respect to materials and 85% complete we respect to conversion costs Note: Yur answers may dmer from those offered below due to rounding error ses, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places The cost per equivelent unit for materials for the month in the first processing department is closest to

Explanation / Answer

Beginning work in process 680 Completed & transferred 8,400 started during the year 9,900 Ending wip 2,180 units to be accounted 10580 units accounted for 10,580 Equivalent units %Mater materials % cC conversion Completed & transferred 8,400 100% 8,400 100% 8,400 Ending wip 2,180 90% 1962 85% 1853 Equivalent units 10,362 10,253 cost per unit Materials Beginning work in process 7,700 cost added during the year 137,700 total cost 145,400 Equivalent unit 10,362 cost per unit 14.03204 answer

Related Questions

Navigate

• Browse (All)
• Browse W
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.