TryFit Co. uses process costing to account for the production of energy food bars. Direct...
50.1K
Verified Solution
Link Copied!
Question
Accounting
TryFit Co. uses process costing to account for the production of energy food bars. Direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. Beginning inventory consisted of $15,000 in materials and $12,000 in conversion costs. April costs were $44,000 for materials and $48,000 for conversion costs. During April 16,000 units were completed. Ending work in process inventory was 12,000 units (100% complete for materials, 50% for conversion). The value of units completed and transferred out using the weighted average method would be closest to: (Round your intermediate calculations to four decimal places.)
Multiple Choice
$77,350.40
$78,484.00
$89,484.00
$93,317.00
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!
