Department W had 2,400 units, one-third completed at the beginning of the period; 16,000 units were transferred to Department X from Department W during the period; and 1,800 units were one-half completed at the end of the period. Assume the completion ratios apply to direct materials and conversion costs.
-Carolwood Company manufactures widgets and uses process costing. The status of the beginning and ending inventory is: Direct materials are added to the manufacturing process in stages. None are added when production begins. Approximately half of the materials are added when the product is 25% complete. The other half are added when the product is 50% complete. The percentages complete of beginning inventory and ending inventory with respect to direct materials (DM) and conversion costs (CC) , respectively, are
A)
B)
C)
D)
Correct Answer:
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