Solved

The Ortho Company Began the Month of September with 30,000

Question 21

Short Answer

The Ortho Company began the month of September with 30,000 units in process which had a total materials cost of $120,000 and conversion costs of $300,000. During September 220,000 units were begun and 215,000 were completed and transferred to finished goods. The units in process were 30% complete. Material and conversion cost s for September were $280,000 and $647,100, respectively. The ending balance in the work-in-process inventory account totals: a. $188,594
B) $100,100
C) $69,331
D) $129,794

Correct Answer:

verifed

Verified

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

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents