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Vikki [24]
3 years ago
7

A company uses the weighted-average method for inventory costing. At the end of the period, 22,000 units were in the ending Work

in Process inventory and are 100% complete for materials and 75% complete for conversion. The equivalent costs per unit are materials, $2.65 and conversion $5.35. Compute the cost that would be assigned to the ending Work in Process inventory for the period.a. $146,575.b. $176,000.c. $87,725.d. $93,775.e. $132,000.
Business
1 answer:
ExtremeBDS [4]3 years ago
7 0

Answer:

a.The ending work in process inventory is $ 146,575

Explanation:

To determine the ending work in process inventory, we need to do the following computations:

No of units in ending inventory                                    22,000 units

Material cost in ending inventory

22,000 units * 100 % (completion) * $ 2.65                     $ 58,300  

Conversion costs in ending inventory  

22,000 units * 75 % (completion) * $ 5.35                      <u> $ 88,275</u>

Total value of Ending work in process inventory        <u> $ 146,575</u>

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Answer:

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Explanation:

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Fiat money is the physical money in notes and coins which are not backed by any other commodity. These are made legal tender by the government and have no intrinsic value of their own.

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The most important benefit of celebrating partnership success by ""telling your story"" is that it: A. Establishes connections b
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Read 2 more answers
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Answer:

Winners

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Losers

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Explanation:

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Joy is also a winner for the same reason as the US government.

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Herb's money will lose real value as a result of inflation because like Karen, Herb will be able to buy less goods and services when inflation rises.

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Given the following data: Work in process, beginning $14,000 Work in process, ending 20,000 Direct labor costs 4,000 Cost of goo
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Answer:

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Explanation:

given data

Work in process, beginning =  $14,000

Work in process, ending = 20,000

Direct labor costs =  4,000

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solution

we get her first Total manufacturing cost that is getting by Cost of goods manufacture formula that is express as

Cost of goods manufacture = Total manufacturing cost + beginning Work in process - ending Work in process     .....................1

put here value and we will get

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now we get here Direct material used that is express as

Direct material used = Total manufacturing cost - Factory overhead - Direct labor costs     ................2

put here value we get

Direct material used = $14,000 - $8,000 - $4,000

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so correct option is d.$2,000

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