Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. requlred information [the following information a

Requlred Information [The following information applies to the questions displayed below.] ...

70.2K

Verified Solution

Question

Accounting

Requlred Information
[The following information applies to the questions displayed below.]
Bellevue Chemicals had beginning work-In-process Inventory of $239,910 on March 1. Of this amount, $101,280 was the cost of direct materlals and $138,630 was the cost of conversion. The 24,000 units in the beginning Inventory were 45 percent complete with respect to direct materlals and 65 percent complete with respect to conversion costs.
During March, 58,000 units were transferred out and 14,000 remained in ending inventory. The units in ending Inventory were 70 percent complete with respect to direct materials and 15 percent complete with respect to conversion costs. Costs incurred during March amounted to $820,800 for direct materlals and $961,200 for conversion.
Compute the costs of goods transferred out and the ending inventory for March using the weighted-average method.
Note: Do not round Intermedlate calculations.
Answer is complete but not entirely correct.
\table[[Cost of goods transferred out,1,782,000x
image

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

Advance Math
1.2K views

Melanoma treatment. An experiment evaluated the use of genetically engineered white blood cells in the treatment of...

Psychology
1.2K views

Discuss how implementing the three essential qualities of Universal Design for Learning (UDL) could affect teaching...

Physics
1.2K views

A convex surface of radius of curvature 40 cm separates two medium of refractive indices...

Geometry
1.2K views

9 This shape is BEST described as being a n X 30 10 Find the...

Basic Math
1.2K views

Michael uses a blend of dark chocolate and milk chocolate to make the ice cream...

Calculus
1.2K views

Find an equation for a negative cosine function having an amplitude of 3 a period...

Algebra
1.2K views

What value of a makes the equation 5e 34 true Round your answer to the...

Algebra
1.2K views

Set A Set B E U IV On the Venn diagram which region s represent...

Accounting
1.2K views

The following transactions were selected from the records of OceanView Company...

Accounting
1.2K views

Dingleberry operates a chain of 300 convenience stores. Dingleberry wants to install automated frozen yogurt...

Accounting
1.2K views

! Required information [The following information applies to the questions displayed below.] ...

Accounting
1.2K views

During Year 3, Jordan Corporation reported after-tax net income of $3,575,000. During the year, the...