Question

In: Accounting

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

Solutions

Expert Solution

total cost to be accounted for as follows

ending work in process inventory = $13000

cost of units transferred out = $490000

total cost = $503000

so answer is $503000

beginning work in process inventory of $37000 has already made by previous year calculation so this year ending work in process inventory and  units transferred out are only the cost of this year


Related Solutions

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...
Campbell Company had 400 units of product in work in process inventory at the beginning of...
Campbell Company had 400 units of product in work in process inventory at the beginning of the period. It started 1,300 units during the period and transferred 1,100 units to finished goods inventory. The ending work in process inventory was estimated to be 60 percent complete. Cost data for the period follow: Product Costs Beginning balance $ 37,560 Added during period 58,800 Total $ 96,360 Required Calculate the number of equivalent units of production. Calculate the product cost per equivalent...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT