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Lapatulllka [165]
3 years ago
14

g In the Shaping Department of Crane Company the unit materials cost is $2.00 and the unit conversion cost is $1.50. The departm

ent transferred out 7000 units and had 1500 units in ending work in process 20% complete. If all materials are added at the beginning of the process, the total cost to be assigned to the ending work in process is $1050. $5250. $3000. $3450.
Business
1 answer:
3241004551 [841]3 years ago
3 0

Answer:

$3,450

Explanation:

Step 1 : Equivalent units of production in work in process

Materials = 1,500 x 100 % = 1,500

Conversion Costs = 1,500 x 20 % = 300

Step 2 : Cost to be assigned to the ending work in process

Materials (1,500 x $2.00)      $3,000

Conversion (300 x $1.50)        $450

Total                                       $3,450

Conclusion

the total cost to be assigned to the ending work in process is $3,450.

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Answer:

A. Gretchen is incorrect because there is a binding bilateral contract.

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4 years ago
"which mode of transportation would cost the least per ton mile?"
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Paul [167]

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5 0
3 years ago
Metaline Corp. uses the weighted average method for inventory costs and had the following information available for the year. Th
sweet-ann [11.9K]

Answer:

Results are below.

Explanation:

<u>The weighted average method blends the costs and units of the previous period with the costs and units of the current period.</u>

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