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Q.18-10SE

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Horngren'S Financial And Managerial Accounting
Found in: Page 1008

Short Answer

Question: Refer to Short Exercises S18-8 and S18-9. Use Complete Foods’s costs per equivalent unit of production for direct materials and conversion costs that you calculated in Short Exercise S18-9.

Calculate the cost of the 38,000 units completed and transferred out and the

24,000 units, 20% complete, in the ending Work-in-Process Inventory.

Answer:

The cost of 38,000 units completed and transferred out is $49,400 and the cost of 24,000 units is $31,200.

See the step by step solution

Step by Step Solution

Step 1: Cost of 38,000 units completed and transferred out

Step 2: Cost of 24,000 units, 20% completed units

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