Accounting+exercises+4-6

Accounting+exercises+4-6 - 4. In September, one of the...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
4. In September, one of the processing departments at Shenkel Corporation had beginning work in process inventory of $20,000 and ending work in process inventory of $32,000. During the month, the cost of units transferred out from the department was $298,000. In the department's cost reconciliation report for September, the total cost accounted for would be: a. $318,000 b. $350,000 c. $330,000 d. $52,000 5. Sumter Company uses the weighted-average method in its process costing system. The following data pertain to operations in the first processing department for a recent month: Work in process, beginning: Units in process 7,000 Percent complete with respect to materials 50% Percent complete with respect to conversion 10% Costs in the beginning inventory: Materials cost $77,700 Conversion cost $2,800 Units started during the month ? Units completed and transferred out during the month 71,600 Costs added to production during the month: Materials cost $298,620 Conversion cost $197,400 Work in process, ending:
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 10/22/2011 for the course ACCT 3551 taught by Professor Brown during the Spring '11 term at UNC.

Page1 / 2

Accounting+exercises+4-6 - 4. In September, one of the...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online