Plastic Molding, Inc.'s costing system utilizes two cost categories; direct materials and conversion costs. Each...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Plastic Molding, Inc.'s costing system utilizes two cost categories; direct materials and conversion costs. Each product must pass through the Assembly Department and the Testing Department. Direct materials are added at the beginning of production. Conversion costs are allocated evenly throughout production. The company uses weighted-average costing. Data for the Assembly Department for March are: Work in process, beginning inventory, 40% converted 400 units Units started during March 1,200 units Work in process, ending inventory 200 units Work in process, beginning inventory: Direct materials $200,000 Conversion costs $200,000 Direct materials costs added during March $2,000,000 Conversion costs added during March $2,500,000 What is the unit cost for February in the Assembly Department?
the answer is 1750
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: Flex AI - Your personal assistant for all your inquiries!
