Question
In: Accounting
Pacific Ink had beginning work-in-process inventory of $1,005,960 on October 1. Of this amount, $423,500 was...
Pacific Ink had beginning work-in-process inventory of $1,005,960 on October 1. Of this amount, $423,500 was the cost of direct materials and $582,460 was the cost of conversion. The 61,000 units in the beginning inventory were 30 percent complete with respect to both direct materials and conversion costs.
During October, 128,000 units were transferred out and 43,000 remained in ending inventory. The units in ending inventory were 80 percent complete with respect to direct materials and 40 percent complete with respect to conversion costs. Costs incurred during the period amounted to $3,314,300 for direct materials and $4,022,730 for conversion.
Compute the costs of goods transferred out and the ending inventory using the weighted-average method. (Round intermediate calculations to 2 decimal places.)
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Pacific Ink had beginning work-in-process inventory of $1,005,960 on October 1. Of this amount, $423,500 was...
Pacific Ink had beginning work-in-process inventory of
$1,005,960 on October 1. Of this amount, $423,500 was the cost of
direct materials and $582,460 was the cost of conversion. The
61,000 units in the beginning inventory were 30 percent complete
with respect to both direct materials and conversion costs.
During October, 128,000 units were transferred out and 43,000
remained in ending inventory. The units in ending inventory were 80
percent complete with respect to direct materials and 40 percent
complete with...
Pacific Ink had beginning work-in-process inventory of $894,960 on October 1. Of this amount, $375,100 was...
Pacific Ink had beginning work-in-process inventory of $894,960
on October 1. Of this amount, $375,100 was the cost of direct
materials and $519,860 was the cost of conversion. The 64,000 units
in the beginning inventory were 25 percent complete with respect to
both direct materials and conversion costs.
During October, 134,000 units were transferred out and 46,000
remained in ending inventory. The units in ending inventory were 75
percent complete with respect to direct materials and 35 percent
complete with...
Pacific Ink had beginning work-in-process inventory of $894,960 on October 1. Of this amount, $375,100 was...
Pacific Ink had beginning work-in-process inventory of $894,960
on October 1. Of this amount, $375,100 was the cost of direct
materials and $519,860 was the cost of conversion. The 64,000 units
in the beginning inventory were 25 percent complete with respect to
both direct materials and conversion costs.
During October, 134,000 units were transferred out and 46,000
remained in ending inventory. The units in ending inventory were 75
percent complete with respect to direct materials and 35 percent
complete with...
Pacific Ink had beginning work-in-process inventory of $894,960 on October 1. Of this amount, $375,100 was...
Pacific Ink had beginning work-in-process inventory of $894,960
on October 1. Of this amount, $375,100 was the cost of direct
materials and $519,860 was the cost of conversion. The 64,000 units
in the beginning inventory were 25 percent complete with respect to
both direct materials and conversion costs.
During October, 134,000 units were transferred out and 46,000
remained in ending inventory. The units in ending inventory were 75
percent complete with respect to direct materials and 35 percent
complete with...
Pacific Ink had beginning work-in-process inventory of $760,000 on October 1. Of this amount, $305,920 was...
Pacific Ink had beginning work-in-process inventory of $760,000
on October 1. Of this amount, $305,920 was the cost of direct
materials and $454,080 was the cost of conversion. The 49,000 units
in the beginning inventory were 30 percent complete with respect to
both direct materials and conversion costs.
During October, 104,000 units were transferred out and 31,000
remained in ending inventory. The units in ending inventory were 80
percent complete with respect to direct materials and 40 percent
complete with...
Pacific Ink had beginning work-in-process inventory of $744,960 on October 1. Of this amount, $304,920 was...
Pacific Ink had beginning work-in-process inventory of $744,960
on October 1. Of this amount, $304,920 was the cost of direct
materials and $440,040 was the cost of conversion. The 48,000 units
in the beginning inventory were 30 percent complete with respect to
both direct materials and conversion costs.
During October, 102,000 units were transferred out and 30,000
remained in ending inventory. The units in ending inventory were 80
percent complete with respect to direct materials and 40 percent
complete with...
Pacific Ink had beginning work-in-process inventory of $890,960 on October 1. Of this amount, $358,200 was...
Pacific Ink had beginning work-in-process inventory of $890,960
on October 1. Of this amount, $358,200 was the cost of direct
materials and $532,760 was the cost of conversion. The 62,000 units
in the beginning inventory were 25 percent complete with respect to
both direct materials and conversion costs.
During October, 130,000 units were transferred out and 44,000
remained in ending inventory. The units in ending inventory were 75
percent complete with respect to direct materials and 35 percent
complete with...
Pacific Ink had beginning work-in-process inventory of $1,070,790 on October 1. Of this amount, $436,900 was...
Pacific Ink had beginning work-in-process inventory of
$1,070,790 on October 1. Of this amount, $436,900 was the cost of
direct materials and $633,890 was the cost of conversion. The
65,000 units in the beginning inventory were 30 percent complete
with respect to both direct materials and conversion costs.
During October, 136,000 units were transferred out and 47,000
remained in ending inventory. The units in ending inventory were 80
percent complete with respect to direct materials and 40 percent
complete with...
Pacific Ink had beginning work-in-process inventory of $750,960 on October 1. Of this amount, $307,920 was...
Pacific Ink had beginning work-in-process inventory of $750,960
on October 1. Of this amount, $307,920 was the cost of direct
materials and $443,040 was the cost of conversion. The 51,000 units
in the beginning inventory were 25 percent complete with respect to
both direct materials and conversion costs. During October, 108,000
units were transferred out and 33,000 remained in ending inventory.
The units in ending inventory were 75 percent complete with respect
to direct materials and 35 percent complete with...
Pacific Ink had beginning work-in-process inventory of $1,069,960 on October 1. Of this amount, $459,200 was...
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 with respect to...
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