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...

70.2K

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

Geometry
1.2K views

There is a line through the origin that divides the region bounded by the parabola...

Geometry
1.2K views

Q3 In the diagram A B C are points on the circumference of a circle...

Finance
1.2K views

Pybus, Inc is considering issuing bonds that will mature in 18 years with an annual coupon...

Biology
1.2K views

A phospholipid molecule is diagrammed below and the four diagrams A D below represent cross...

Statistics
1.2K views

A statistical experiment is a process that when performed O results in exactly one of...

Statistics
1.2K views

The table below shows the scores of a group of students on a 10 point...

Algebra
1.2K views

Solve the following equation for pr P 1 Just put a single number in the...

Accounting
1.2K views

The statement of cash flows reports on__ a: the changes in retained earnings b: the...

Accounting
1.2K views

What are freight forwarders? How do they function? What services do they perform

Accounting
1.2K views

energy Company is owned equally by tom and his sister Sam, each of whom own...

Accounting
1.2K views

Which of the following costs generally can be traced directly to units of product? ...

Accounting
1.2K views

needing help with questions 10 through 13 10) 10) The following selected data pertain...