Explore BrainMass

Explore BrainMass

    Process Costing

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Assume only conversion costs are being considered in this situation. On July 1, the finishing department had Work in Process inventory of 6,600 units which were 50% complete and had a value of $82,472. During July, costs of $787,760 were incurred in the finishing department and 31,500 units were transferred into the department. At the end of the month, the 5,000 units in ending inventory were 20% complete. How many units were transferred out of the department in July?

    Show all the steps and formulas used to answer to question.

    © BrainMass Inc. brainmass.com June 3, 2020, 5:51 pm ad1c9bdddf
    https://brainmass.com/business/business-management/process-costing-problems-40143

    Solution Preview

    Beginning work in process inventory= 6,600
    Transferred into the ...

    Solution Summary

    The following posting answers how many units were transferred out of the department for a question on process costing.

    $2.19

    ADVERTISEMENT