Transferred to finished goods inventory during the month


Problem:

Prue Chemical uses an automated mixing machine in its Mixing Department to combine three raw materials into a product call Triogo. On the average, each unit of Triogo contains $3 of Material X, $6 of Material Y, $9 of Material Z, $2 of direct labor, and $12 of overhead. Total costs charged to the Mixing Department's Work in Process Inventory account during the month were $208,000. There were no units in beginning or ending work in process inventory.

How many units were completed and transferred to Finished Goods Inventory during the month?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Transferred to finished goods inventory during the month
Reference No:- TGS01927834

Now Priced at $20 (50% Discount)

Recommended (92%)

Rated (4.4/5)