× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
L
3
d
3
y
3
a
3
n
3
d
3
e
3
d
3
c
3
p
3
M
3
a
3
New Topic  
ruskin ruskin
wrote...
Posts: 664
6 years ago
Assuming Hawk uses the FIFO method of process costing, the cost of the ending work-in-process inventory is
A) $23,040.
B) $23,142.
C) $28,800.
D) $28,920.
E) $19,200.
Textbook 
Cost Accounting: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
Authors:
Read 71 times
1 Reply

Related Topics

Replies
wrote...
6 years ago
B
Explanation:  B) Cost per EU for DM = [$280,000]/87,000 ,= $3.22
Cost per EU for Conversion = [$599,400]/93,300 = $6.42
Ending WIP: $9,660 + $13,482 = $23,142
Direct materials 3,000 units @ $3.22 = $9,660
Conversion costs 2,100 units @ $6.42 = $13,482
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1014 People Browsing
Related Images
  
 125
  
 4141
  
 14254
Your Opinion
Which 'study break' activity do you find most distracting?
Votes: 820

Previous poll results: Do you believe in global warming?