25) ABC Accessories manufactures plastic moldings for car seats. Its costing system uses two cost...
50.1K
Verified Solution
Question
Accounting
25) ABC Accessories manufactures plastic moldings for car seats. Its costing system uses two cost categories, direct materials and conversion costs. Each product must pass through Department A and Department B. Direct materials are added at the beginning of production. Conversion costs are allocated evenly throughout production. Data for Department A for March 2021 are: Work in process, beginning inventory, 35% converted 400 units Units started during February 900 units Work in process, ending inventory: 300 units 25% complete as to conversion costs 100% complete as to materials Costs for the Department A for March 2021 are: Work in process, beginning inventory: Direct materials $606,000 Conversion costs $159,000 Direct materials costs added during February $4,009,000 Conversion costs added during February $2,255,000 What were the equivalent units of direct materials and conversion costs, respectively, at the end of February? Assume ABC Accessories uses the weighted-average process costing method. A) 1300; 1075 B) 1300; 1300 C) 1300; 1000 D) 900; 600
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.