The managerial accountant at Pembroke Manufacturing reported the following data:

Costs of units transferred to Finished Goods Inventory would be closest to

Question

The managerial accountant at Pembroke Manufacturing reported the following data:

Costs of units transferred to Finished Goods Inventory would be closest to

Quizplus · Accepted Answer

C)Trans in Materials Conversion
Units completed 225,000 232,000 232,000
End WIP 54,500 (60% × 47,500)28,500 9,500 (20% × 47,500)
Total units 279,500 260,500 241,500
Costs
Beg Inv.$99,000 $67,500 $145,400
Added 1,550,050 909,375 542,875
Total 1,649,050 976,875 688,275
Unit Costs $5.90 $3.75 $2.85 = $12.50
Completed units 232,000
$2,900,000

The Managerial Accountant at Pembroke Manufacturing Reported the Following Data