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OlgaM077 [116]
2 years ago
15

Baron Corporation has two sequential processing departments: Assembly and Shaping. The Shaping Department reports the following

information. Conversion costs are applied evenly throughout the process.
Beginning WIP Inventory: 11,000 Units
Transferred- in costs in beginning WIP Inventory: $113,200
Direct Materials cost in beginning WIP inventory: $27,500
Conversion costs in beginning WIP inventory: $27,750
Units transferred- in: 56,000 units
Transferred- in costs: $541,300
Units Completed: 52,000
Costs added: direct materials: $169,120
Costs added: conversion costs: $247,570
Ending WIP inventory: 15,000 Units

The total cost of units in ending WIP Inventory- Shaping would be closest to:_________

a. $270,450
b. $42,263
c. $42,255
d. $188,805
Business
1 answer:
bulgar [2K]2 years ago
8 0

Answer:

a. $270,450

Explanation:

Total cost of units in ending WIP Inventory = Cost in Material + Cost In Conversion Costs

Cost in Material = Equivalent Units in Work In Process x Cost per Equivalent Unit in Materials

Cost in Conversion Costs = Equivalent Units in Work In Process x Cost per Equivalent Unit in Conversion Costs

The total cost of units in ending WIP Inventory- Shaping would be closest to a. $270,450

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Jack's manufacture company have experienced inflation for the past three years as follows: the first year's periodic inflation r
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Answer:

8.09%

Explanation:

Year          Inflation rate    1 + Inflation rate

1                     0.03                     1.03

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3                         x                       1+x

Average rate  0.05                   0.05

1 + Average rate  = [(1+r1)*(1+r2)*(1+r3)]^(1/3)

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[1.0712*(1+x)] = 1.157625

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ReL = ReU + (ReU - rd) (D ÷ E)

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