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In: Accounting
In May, one of the processing departments at Messerli Corporation had beginning work in process inventory...
In May, one of the processing departments at Messerli Corporation had beginning work in process inventory of $31,000 and ending work in process inventory of $52,000. During the month, $165,000 of costs were added to production and the cost of units transferred out from the department was $144,000. The company uses the FIFO method in its process costing system. In the department’s cost reconciliation report for May, the total cost to be accounted for would be: Multiple Choice $361,000 $196,000 $392,000 $83,000
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ekkarill92 answered 2 months agoRelated Solutions
In May, one of the processing departments at Stitzel Corporation had beginning work in process inventory...
In May, one of the processing departments at Stitzel Corporation
had beginning work in process inventory of $37,000 and ending work
in process inventory of $13,000. During the month, the cost of
units transferred out from the department was $490,000. In the
department's cost reconciliation report for May, the total cost to
be accounted for under the weighted-average method would be:
$527,000
$50,000
$503,000
$540,000
In May, one of the processing departments at Messerli Corporation had beginning work in process inventory...
In May, one of the processing departments at Messerli
Corporation had beginning work in process inventory of $20,000 and
ending work in process inventory of $41,000. During the month,
$154,000 of costs were added to production and the cost of units
transferred out from the department was $133,000. The company uses
the FIFO method in its process costing system. In the department’s
cost reconciliation report for May, the total cost to be accounted
for would be:
.
Behrend Clinic uses...
In June, one of the processing departments at Football Corporation had beginning work in process inventory...
In June, one of the processing departments at Football
Corporation had beginning work in process inventory of $13,700.
During the month, $443,000 of costs were added to production and
the cost of units completed and transferred out from the department
was $421,000.
In the department’s cost reconciliation report for January, the
cost of ending work in process inventory for the department would
be:
Multiple Choice
$407,300
$429,300
$8,300
In July, one of the processing departments at Okamura Corporation had beginning work in process inventory...
In July, one of the processing departments at Okamura
Corporation had beginning work in process inventory of $13,000 and
ending work in process inventory of $18,000. During the month, the
cost of units transferred out from the department was $148,000. In
the department's cost reconciliation report for July, the total
cost to be accounted for under the weighted-average method would
be: Multiple Choice $31,000 $119,000 $132,000 $166,000
In April, one of the processing departments at Terada Corporation had beginning work in process inventory...
In April, one of the processing departments at Terada
Corporation had beginning work in process inventory of $27,000 and
ending work in process inventory of $33,000. During the month,
$250,000 of costs were added to production and the cost of units
transferred out from the department was $244,000. In the
department's cost reconciliation report for April, the total cost
to be accounted for under the weighted-average method would be:
In February, one of the processing departments at Whisenhunt Corporation had beginning work in process inventory...
In February, one of the processing departments at Whisenhunt
Corporation had beginning work in process inventory of $35,000 and
ending work in process inventory of $11,000. During the month, the
cost of units transferred out from the department was $410,000. In
the department's cost reconciliation report for February, the total
cost to be accounted for would be:
a.
$46,000
b.
$807,000
c.
$842,000
d.
$421,000
In June, one of the processing departments at Furbush Corporation had ending work in process inventory...
In June, one of the processing departments at Furbush
Corporation had ending work in process inventory of $12,000. During
the month, $404,000 of costs were added to production and the cost
of units transferred out from the department was $426,000.
In the department’s cost reconciliation report for January, the
cost of beginning work in process inventory for the department
would be:
Multiple Choice
$414,000
$10,000
$392,000
$34,000
In June, one of the processing departments at Furbush Corporation had ending work in process inventory...
In June, one of the processing departments at Furbush
Corporation had ending work in process inventory of $12,600. During
the month, $410,000 of costs were added to production and the cost
of units transferred out from the department was $432,000.
In the department’s cost reconciliation report for January, the
cost of beginning work in process inventory for the department
would be:
In June, one of the processing departments at Furbush Corporation had ending work in process inventory...
In June, one of the processing departments at Furbush
Corporation had ending work in process inventory of $13,500. During
the month, $419,000 of costs were added to production and the cost
of units transferred out from the department was $441,000.
In the department’s cost reconciliation report for January, the
cost of beginning work in process inventory for the department
would be:
Multiple Choice
• $35,500
• $427,500
• $8,500
• $405,500
Item38
Time Remaining 2 hours 47 minutes 39 seconds...
Pacific Ink had beginning work-in-process inventory of $1,069,960 on October 1.
Pacific Ink had beginning work-in-process inventory of $1,069,960 on October 1. Of this amount, $459,200 was the cost of direct materials and $610,760 was the cost of conversion. The 63,000 units in the beginning inventory were 30 percent complete with respect to both direct materials and conversion costs.
During October, 132,000 units were transferred out and 45,000 remained in ending inventory. The units in ending inventory were 80 percent complete with respect to direct materials and 40 percent complete...
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