The Roberto Company had computed the flow of units for Department A for the month of May as follows:
Materials are added at the beginning of the process.There were 8,000 units of work in process at
May 31.The work in process at May 1 was 70 percent complete as to direct labor and factory overhead costs and the work in process at May 31 was 60 percent complete as to direct labor and factory overhead costs.What was the cost of the goods transferred out and in ending work in process using the FIFO method?

Question

The Roberto Company had computed the flow of units for Department A for the month of May as follows:
   Materials are added at the beginning of the process.There were 8,000 units of work in process at
May 31.The work in process at May 1 was 70 percent complete as to direct labor and factory overhead costs and the work in process at May 31 was 60 percent complete as to direct labor and factory overhead costs.What was the cost of the goods transferred out and in ending work in process using the FIFO method?

Quizplus · Accepted Answer

The Answer of The Roberto Company had computed the flow of units for Department A for the month of May as follows:
   Materials are added at the beginning of the process.There were 8,000 units of work in process at
May 31.The work in process at May 1 was 70 percent complete as to direct labor and factory overhead costs and the work in process at May 31 was 60 percent complete as to direct labor and factory overhead costs.What was the cost of the goods transferred out and in ending work in process using the FIFO method?

The Roberto Company Had Computed the Flow of Units for Department