![billydeck30](/avatars/1245.jpg)
billydeck30
19.05.2021 •
Business
Superb Hancock Company uses a process costing system in which all materials are added at the beginning of the first process. Conversion costs are added evenly throughout the process. During the past month, 10,000 units were started in production, and 8,000 were completed and transferred to the next department. There were no beginning inventories. The ending inventories were 70% complete at the end of the month. The company uses a weighted-average method for inventory valuation.
If Superb Hancock's materials used in production cost $15,000 and its conversion costs incurred were $25,000, what is the value (rounded) of the ending work -in-process inventory in the first processing department?
a. $6,720
b. $8,000
c. $3,720
d. $0
Solved
Show answers
More tips
- F Food and Cooking Choosing the Best Water Filter: Tips and Recommendations...
- H Health and Medicine How Much Does Abortion Cost? Expert Answers and Insights...
- H Health and Medicine Contraceptive Pills After 35: The Importance Of Choosing The Right Medication...
- C Computers and Internet How to Set Up Internet on iPhone? Detailed Guide with Step-by-Step Instructions...
- P Philosophy 8 привычек, чтобы достичь счастливой жизни...
- F Food and Cooking How Many Grams Are In a Tablespoon?...
- G Goods and services How to Choose the Right Iron: Purchase Tips...
- S Style and Beauty How to Choose the Perfect Hair Straightener?...
- H Health and Medicine How to Choose the Right Glasses?...
- H Health and Medicine What vaccines do children need?...
Answers on questions: Business
- H History The observation that iq variations between african americans and whites in the united states is due to socioeconomic and not genetic factors is based on a. differences in the scores...
- M Mathematics Find the equation of the line that passes through (1,3) and is perpendicular to y=1-2x . Leave your answer in the form y=mx+c...
- H Health Fitness programs that are prescribed to improve the individual’s overall health are a cardiorespiratory fitness b sedentary fitness c skill-related fitness d health-related fitness...
- G Geography The ganges river flows into what body of water...
- M Mathematics Which expression is equivalent to ((2x²) (3x) (4x)?? A.24x7 B.48x? C.9677 D.576x12...
Ответ:
cash equivalent is the answer