Question
The managerial accountant at Seaside Manufacturing reported the following data: Units: Beginning WIP 56,500 75% for...
The managerial accountant at Seaside Manufacturing reported the following data:
|
Units: |
|
|
Beginning WIP |
56,500 |
|
75% for materials |
|
|
45% for conversion |
|
|
Transferred−in |
216,000 |
|
Completed |
242,000 |
|
Ending WIP |
|
|
60% for materials |
|
|
20% for conversion |
30,500 |
|
Costs: |
|
|
Beginning WIP |
|
|
Direct materials |
$67,500 |
|
Conversion |
152,400 |
|
Transferred−in |
104,000 |
|
Transferred−in from department 1 |
$1,557,050 |
|
Direct materials added |
919,375 |
|
Conversion added |
548,875 |
Costs of units transferred to Finished Goods Inventory would be closest to?
A.
$3,078,240.
B.
$3,025,300.
C.
$1,601,527.
D.
$3,349,200.
Homework Answers
Answer #1
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