Assignment of costs to units transferred out and in process, Accounting Basics

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Assignment of costs to units transferred out and in process

Podsednik Company has gathered the following information. Units in beginning work in process -0- Units started into production 36,000 Units in ending work in process 6,000 Percent complete in ending work in process: Conversion costs 40% Materials 100% Costs incurred: Direct materials $72,000 Direct labor $81,000 Overhead $97,200

Show the assignment of costs to units transferred out and in process
1. units transferred out - $225000 (correct)
2. units in ending work in process - ???

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Accounting Basics: Assignment of costs to units transferred out and in process

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Accounting Basics: Assignment of costs to units transferred out and in process

Reference No:- TGS0682570

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : What is the critical value for a one-tailed hypothesis test

Q : Describe the issuance of the bonds

Q : Explain the producing departments using the direct method

Q : How to equity accounts payable

Q : Assignment of costs to units transferred out and in process

Q : Explain the straight-line depreciation

Q : Constructing the frequency distribution

Q : Determine the effect on income if the company increases

Q : Capitalized development costs

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Assignment of costs to units transferred out and in process

Reference No:- TGS0682570

Recent Questions Asked Accounting Basics

Q : What is the critical value for a one-tailed hypothesis test

Q : Describe the issuance of the bonds

Q : Explain the producing departments using the direct method

Q : How to equity accounts payable

Q : Assignment of costs to units transferred out and in process

Q : Explain the straight-line depreciation

Q : Constructing the frequency distribution

Q : Determine the effect on income if the company increases

Q : Capitalized development costs

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