Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on july 1: beginning inventories direct materials

On July 1: Beginning inventories Direct materials cost...

80.2K

Verified Solution

Question

Accounting

image
image
On July 1: Beginning inventories Direct materials cost Conversion costs 850 units, 60% complete $5,000 $4,000 During July: Number of units started Direct materials added Conversion costs added 15,000 $155,000 $83,520 On July 31: Ending inventories 1,600 units, 40% complete Using the FIFO method and rounding cost per unit to four decimal places, the cost of goods completed and transferred out during July was a) $227,270 b) $225,060 Using the FIFO method and rounding cost per unit to four decimal places, the cost of goods completed and transferred out during July was a) $227,270 Ob) $225,060 c) $236,905 od) S228,200

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

When the following equation is balanced properly under acidic conditions, what are the coefficients of the...

Chemistry
Q

What are 3main reasons that project managers engaged on building and construction projects delegate out specific...

Civil Engineering
Q

Q1// Do the electrons or phonons carry the greater part of the heat current in a...

Physics
Q

A counterflow, concentric tube heat exchanger used for engine cooling has been in service for an...

Mechanical Engineering
Q

Design a 4-bit multiplier by using 4 bit full adder and write a verilog code.

Electrical Engineering
Q

explain two strategies that you would recommend for qualifying prospective buyers for your favorite product or...

General Management
Q

Given the information a vector has length 5 with Northwest direction it could be drawn...

Geometry
Q

The following production data were taken from the records of the Finishing Department for June...

Basic Math
Q

tions below To ride a roller coaster a visitor must not be less than 52...

Basic Math
Q

Questi Find the circumference of the circle from the given diagram 12 cm 8 cm...

Algebra
Q

Problem 16-52 Net Present Value; Internal Rate of Return; Payback; Sensitivity Analysis; Taxes (Sections 2,3)(LO...

Accounting
Q

Company A is an American subsidiary of a Japanese company. Does Company A have to...

Accounting