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.] Bellevue...

50.1K

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