Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. d, inc., uses three departments to produce a deter

D, Inc., uses three departments to produce a detergent. The Finishing Department is the third...

90.2K

Verified Solution

Question

Accounting

D, Inc., uses three departments to produce a detergent. The Finishing Department is the third and last step before the product is transferred to storage. All materials needed to give the detergent its final composition are added at the beginning of the process in the Finishing Department. The following data for the Finishing Department for October have been made available:
Production data:
In process, October 1(labor and factory overhead, 75% completed)10,000 litres
Finished and transferred to storage 35,500 litres
In process, October 31(direct materials, 80% completed; labor and factory overhead, 50% complete)16,500 litres
Additional data:
Work-in-process inventory, October 1:
Cost from this department: $
Materials 22,500
Labor 38,000
Factory overhead 43,500
Total costs $104,000
Cost added in this department:
Materials $71,000
Labor 153,000
Factory overhead 131,500
Total costs added $355,500
Required:
Calculate the cost of the units transferred out to finished goods inventory and the value of the ending WIP under the weighted average method.

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

Biology
1.2K views

List three different types of retrovirus-encoded oncogenes that are represented by proto-oncogenes in normal cells. Briefly describe...

Basic Math
1.2K views

The heights of adult men in America are normally distributed, with a mean of 69.5 inches...

Biology
1.2K views

Which of the following is true of the evolution of animal phyla and animal body...

Basic Math
1.2K views

Consider the function f(x)=-42+2 on the interval (0, 4) Verify that this function satisfies the...

Accounting
1.2K views

Read the requirements. Requirements b. Journalize all the costs chargeable to the building in a...

Accounting
1.2K views

ACCOUNTING PROBLEM \# 1 Mary's Corner Store Trial Balance December 24 Refer to the example...

Accounting
1.2K views

Los bienes en consignacin son A. Registrados en una cuenta de consignacin que es una...

Accounting
1.2K views

EXERCISE 10-15. Performance Report [LO 3] Prepare a performance report for Imperial Data Devices using...

Accounting
1.2K views

Problem 14: Bond investment and fair value adjustment Finman Corporation acquired $65 million of 4%...

Finance
1.2K views

QUESTION 6 (5) Suppose the total credit portfolio for LintBank, an Austrian bank is 745...

Finance
1.2K views

Nicholas heard that he could triple his money in 22 years if he invested it...

Finance
1.2K views

2. Find Valuations using Nl and NOI Approach for the following details. 5 marks ...