Homework Answers
Cost assigned to ending WIP = Material = 20200 * $3.30= $66660
= labor & OH = (20200*60%*$4.80)=$58176
total cost = $66660 + $58176 = $124836
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The Richmond Corporation uses the...
The Richmond Corporation uses the weighted-average method in its process costing system. The company has only...
The Richmond Corporation uses the
weighted-average method in its process costing system. The company
has only a single processing department. The company's ending work
in process inventory on August 31 consisted of 20,600 units. The
units in the ending work in process inventory were 100% complete
with respect to materials and 60% complete with respect to labor
and overhead. If the cost per equivalent unit for August was $3.40
for materials and $4.90 for labor and overhead, the total cost...
The Richmond Corporation uses the weighted-average method in its process costing system. The company has only...
The Richmond Corporation uses the weighted-average method in its process costing system. The company has only a single processing department. The company's ending work in process inventory on August 31 consisted of 20,600 units. The units in the ending work in process inventory were 100% complete with respect to materials and 60% complete with respect to labor and overhead. If the cost per equivalent unit for August was $3.40 for materials and $4.90 for labor and overhead, the total cost...
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question 2 Wil Ending 21,000 Units Completed & 312,000 transferred out during- the month 2. The...
question 2
Wil Ending 21,000 Units Completed & 312,000 transferred out during- the month 2. The Richmond Company uses the weighted-average method in its process costing system. The company has only a single processing department. The company's ending work in process inventory on August 31 consisted of 18,000 units. The units in the ending work in process inventory were 100% complete with respect to materials and 60% complete with respect to labor and overhead. If the cost per equivalent unit...
The Richmond Corporation uses the
weighted-average method in its process costing system. The company
has only a single processing department. The company's ending work
in process inventory on August 31 consisted of 20,600 units. The
units in the ending work in process inventory were 100% complete
with respect to materials and 60% complete with respect to labor
and overhead. If the cost per equivalent unit for August was $3.40
for materials and $4.90 for labor and overhead, the total cost...
The Richmond Corporation uses the weighted-average method in its process costing system. The company has only a single processing department. The company's ending work in process inventory on August 31 consisted of 18,400 units. The units in the ending work in process inventory were 100% complete with respect to materials and 60% complete with respect to labor and overhead. If the cost per equivalent unit for August was $2.85 for materials and $4.35 for labor and overhead, the total cost...
The Richmond Corporation uses the weighted average method in its process costing system. The company has only a single processing department. The company's ending work in process inventory on August 31 consisted of 19,400 units. The units in the ending work in process inventory were 100% complete with respect to materials and 60% complete with respect to labor and overhead. If the cost per equivalent unit for August was $3.10 for materials and $4.60 for labor and overhead, the total...
question 2
Wil Ending 21,000 Units Completed & 312,000 transferred out during- the month 2. The Richmond Company uses the weighted-average method in its process costing system. The company has only a single processing department. The company's ending work in process inventory on August 31 consisted of 18,000 units. The units in the ending work in process inventory were 100% complete with respect to materials and 60% complete with respect to labor and overhead. If the cost per equivalent unit...
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