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bernie2981 bernie2981
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8 years ago
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   8,000 units
Transferred-in costs in beginning WIP Inventory   $110,200
Direct materials cost in beginning WIP Inventory   $24,500
Conversion costs in beginning WIP Inventory   $22,750
Units transferred-in   57,000 units
Transferred-in costs   $546,300
Units completed   52,000
Costs added: direct materials   $167,120
Costs added: conversion costs   $245,570
Ending WIP Inventory   13,000 units
(40% complete for materials and 30% complete for conversion)   

The total cost of units transferred out to Finished Goods Inventory would be closest to
A) $958,990.
B) $1,040,250.
C) $423,800.
D) $949,000.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
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nucleinuclei
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