Baron Corporation has two sequential processing departments: Assembly and Shaping. The Shaping Department reports the...
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Accounting
Baron Corporation has two sequential processing departments: Assembly and Shaping. The Shaping Department reports the following information. Conversion costs are applied evenly throughout the process.
Beginning WIP Inventory: 11,000 Units
Transferred- in costs in beginning WIP Inventory: $113,200
Direct Materials cost in beginning WIP inventory: $27,500
Conversion costs in beginning WIP inventory: $27,750
Units transferred- in: 56,000 units
Transferred- in costs: $541,300
Units Completed: 52,000
Costs added: direct materials: $169,120
Costs added: conversion costs: $247,570
Ending WIP inventory: 15,000 Units
(40% complete for materials and 30% complete for conversion)
The total cost of units in ending WIP Inventory- Shaping would be closest to:
A. $270,450 B. $42,263 C. $42,255 D. $188,805
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