Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1. assume direct materials cost oer unit is $2.10

1. assume direct materials cost oer unit is $2.10 and conversion cost per unit is...

70.2K

Verified Solution

Question

Accounting

image
1. assume direct materials cost oer unit is $2.10 and conversion cost per unit is $7.00, respectively. compute total cost of units completed and transfered out.
2. assume direct materials cost oer unit is $2.10 and conversion cost per unit is $7.00, respectively. compute total cost assigned to the ending work in process units.
Finishing Department at Jersey Company uses the Weighted Average method in its process costing system. All materials are added at the beginning of processing in Finishing Department and conversion costs are added evenly throughout the process. During September, Finishing Department collected the following data: Conversion Cost Percent Complete Work-in-process, September 1 16.000 6096 Units started 50,000 Completed and transferred out 40.000 Work in process, September 30 26,000 205 Costs for September Work in process, Sept. 1 Added during the month Direct Materials $22.000 $110,000 Conversion.Cout 552,820 $311.630

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students