Williams Company computed its cost per equivalent unit for direct materials to be $1.80 and...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Williams Company computed its cost per equivalent unit for direct materials to be $1.80 and its cost per equivalent unit for conversion to be $3.44. A total of 381,000 units of product were completed and transferred out as finished goods during the month, and 29,000 of equivalent units remained unfinished at the end of the month. The amount that should be reported in Finished Goods Inventory is:
Multiple Choice
$685,800.
$99,760.
$2,048,640.
$1,996,440.
$151,960.
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!
