Nichola,Inc $$\begin{array} { l r } \text { Materials } & \$ 73,750 \\\text { Conversion cost } & 57,200 \\\text { Total cost } & \$ 130,950\end{array}$$

Nichola,Inc.manufactures products that pass through two processes.The company uses the weighted average method to compute unit costs.During April,equivalent units were computed as follows:
Cost was added as follows:
Required:
$$\begin{array} { l r } \text { Materials } & \$ 73,750 \\\text { Conversion cost } & 57,200 \\\text { Total cost } & \$ 130,950\end{array}$$ A. Determine the cost of the goods transferred out.
B. Determine the cost of ending work in process.
Determine the cost of the goods transferred out if materials in ending work in process had
C. been $90 \%$ complete and conversion in ending work in process had been $70 \%$ complete. Round costs per unit to two decimal places if necessary.

Correct Answer:

Verified

Unit cost computation:
Materia...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

View Full Answer For Free