Ask Experts Questions for FREE Help !
Ask
    dstyers's Avatar
    dstyers Posts: 4, Reputation: 1
    New Member
     
    #1

    Dec 4, 2011, 07:03 PM
    Calculating the total cost in ending goods in process
    I can't seem to figure out how to find the total cost of units in ending goods in process.
    Gds in process Jan 1 0 units
    Units started in production 18,000 units
    Units completed and transferred out 12,000 units
    Gds in process Dec. 31 6,000 units
    Production Costs:
    Direct materials $213,885
    Direct Labor 577,500
    Factory Overhead 391,875
    The units still in process are 45% complete with respect to direct materials and 35% complete with respect to comversion costs.

    I can't seem to figure out how the answer is 183,660.

Check out some similar questions!

Cost of Goods Sold/Ending Inventory [ 1 Answers ]

Hello, I need help understanding cost of goods sold. I know that one of the equations I could use to figure out the problem is Cost of goods available minus ending inventory, but what confuses me is finding the ending inventory when using the perpetual inventory system. I have been sitting down...

Calculating ending work in process [ 1 Answers ]

I have calculated the following information and cannot recall how to calculate the ending work in process without knowing the number of units either sold or finished (ending). Inventory balances: January 1 Beginning Ending Raw materials $30,000 $70,000 Work in...

Find Cost of goods sold and ending inventory using.average cost/FIFO/LIFO [ 2 Answers ]

I'm having a hard time with the fifo and lifo method... of this question Began with 73 yards @ 23 per yard During the month the company made the following purchases. March 3/4 113 yards @ 27 3/12 81 yards @ 29 3/19 167 yards @ 32 3/25 44 yards @ 35


View more questions Search
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.