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bernie2981 bernie2981
wrote...
Posts: 3810
8 years ago
The managerial accountant at Pembroke Manufacturing reported the following data:

Units:   
Beginning WIP   54,500
 75% for materials   
 45% for conversion   
Transferred-in   225,000
Completed   232,000
Ending WIP   
 60% for materials   
 20% for conversion   47,500
   
Costs:    
Beginning WIP   
 Direct materials   $67,500
 Conversion   145,400
 Transferred-in   99,000
Transferred-in from department 1   $1,550,050
Direct materials added   909,375
Conversion added   542,875

Costs of units transferred to Finished Goods Inventory would be closest to
A) $3,314,200.
B) $3,002,300.
C) $1,531,200.
D) $2,900,000.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
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nucleinuclei
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Posts: 2158
8 years ago
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bernie2981 Author
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8 years ago
You're such a dedicated member, I very much appreciate the help.

Marking this solved ✓
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