The following data for Direct Materials (DM) and Conversion (CONV) for the past month for a maradfacturer are shown: Costs in opening WIP: Costs incurred this month: DM $850,500 $1,984,500 105000 Conversion $729,000 $1,701,000 45000 Time left 0:55:16 Total equivalent units: Units completed this month: Required: Calculate the TOTAL value of the GOODS COMPLETED AND TRANSFERRED OUT from this departmen this month. NOTE: ONLY ENTER THE NUMBER AMOUNT - DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER (e.g. if you want to enter $10,000 only enter 10000" as your answer. 30000

The following data for Direct Materials (DM) and Conversion (CONV) for the past month for a maradfacturer are shown: Costs in opening WIP: Costs incurred this month: DM $850,500 $1,984,500 105000 Conversion $729,000 $1,701,000 45000 Time left 0:55:16 Total equivalent units: Units completed this month: Required: Calculate the TOTAL value of the GOODS COMPLETED AND TRANSFERRED OUT from this departmen this month. NOTE: ONLY ENTER THE NUMBER AMOUNT - DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER (e.g. if you want to enter $10,000 only enter 10000" as your answer. 30000

Name: Hh2. onTime left 0:55:16The following data for Direct Materials (DM) a
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Description: Hh2. onTime left 0:55:16The following data for Direct Materials (DM) and Conversion (CONV) for the past month for a maradacturerare shown:Costs in opening WIP:Costs incurred this month:DM$850,500$1,984,500Answer105000Conversion$729,000$1,701,00045000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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ssume the following information: Milling Department Materials Conversion Total Cost of beginning work in process inventory $ 10,000 $ 15,000 $ 25,000 Costs added during the period 291,600 394,500 686,100 Total cost $ 301,600 $ 409,500 $ 711,100 Assume the equivalent units of production for materials and conversion, when using the weighted-average method, are 5,200 units and 5,000 units, respectively. If the equivalent units in ending work in process inventory for materials and conversion are 400 units and 200 units, respectively, then what is the total cost of ending work in process for the Milling Department?
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