Pestiferous Manufacturing produces a chemical pesticide and uses process costing. There are three processing departments—Mixing, Refining, and Packaging. On January 1, the first department—Mixing—had no beginning inventory. During January, 48,000 fl. oz. of chemicals were started in production. Of these, 40,000 fl. oz. were completed, and 8000 fl. oz. remained in process. In the Mixing Department, all direct materials are added at the beginning of the production process, and conversion costs are applied evenly throughout the process.
At the end of January, the equivalent unit data for the Mixing Department were as follows:
In addition to the above, the cost per equivalent unit were $1.35 for direct materials and $5.30 for conversion costs. Using this data, calculate the full cost of the ending WIP balance in the Mixing Department. The weighted-average method is used.
A) $43,520
B) $10,800
C) $29,456
D) $64,800
C) $29,456
You might also like to view...
A semicolon is used to separate independent clauses when the second clause begins with a conjunctive adverb such as "however" or "therefore."
Indicate whether the statement is true or false.
Salima became a Certified Public Accountant in 2002. After working as a staff auditor and accountant for other companies, she was hired as an auditor by Moore Corp. in 2003. When she was hired, there were four male auditors in her area who had been with the company for several years and were classified as senior auditors. In 2004, Salima complained that she was receiving the same salary as a new male senior auditor, Rashid, even though she was doing the same work. When Rashid was brought in, Moore Corp. was in the process of divestiture and its policy was to fill positions with lateral transfers from other areas because of a promotion and hiring freeze. In 2005, Salima filed a complaint with the Equal Employment Opportunity Commission (EEOC) claiming that she was not being paid equally
for equal work. Did Moore Corp. violate the Equal Pay Act by paying Salima less than the male accountants? What will be an ideal response?
According to the text, ________ direct respondents to different places in the questionnaire based on their response to the question at hand
A) branching questions B) leading questions C) double-barreled questions D) filter questions E) break-out questions
The need for economies of scale often restricts choice of location for service facilities
Indicate whether the statement is true or false