Clauss company transfers out 14000 units and has 2000 units


Clauss Company transfers out 14,000 units and has 2,000 units of ending work in process that are 25% complete. Materials are entered at the beginning of the process and there is no beginning work in process.

Assuming unit materials costs of $3 and unit conversion costs of $5, what are the costs to be assigned to units

(a) Transferred out and

(b) In ending work in process?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Clauss company transfers out 14000 units and has 2000 units
Reference No:- TGS0780540

Now Priced at $10 (50% Discount)

Recommended (98%)

Rated (4.3/5)