Everett Company's inventory at December 31, and the costs charged to Work in Process-Department B during December are as follows:
During December, all direct materials are transferred from Department A, the units in process at December 1 were completed.Of the 10,000 units entering the department, all were completed except 1,200 units which were 25% completed as to conversion costs.Inventories are costed by the first-in, first-out method.

Question

Everett Company's inventory at December 31, and the costs charged to Work in Process-Department B during December are as follows:
  During December, all direct materials are transferred from Department A, the units in process at December 1 were completed.Of the 10,000 units entering the department, all were completed except 1,200 units which were 25% completed as to conversion costs.Inventories are costed by the first-in, first-out method.

Quizplus · Accepted Answer

The Answer of Everett Company's inventory at December 31, and the costs charged to Work in Process-Department B during December are as follows:
  During December, all direct materials are transferred from Department A, the units in process at December 1 were completed.Of the 10,000 units entering the department, all were completed except 1,200 units which were 25% completed as to conversion costs.Inventories are costed by the first-in, first-out method.

Everett Company's Inventory at December 31, and the Costs Charged