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  • 1.  Question

    Posted 04-27-2020 01:31 AM
    Hi, 

    Can anyone please solve this question and explain it the exception of this question. 

    A.P. Hill Corporation uses a process-costing system. Products are manufactured in a series of three departments. The following data relate to Department Two for the month of February:
    Beginning work-in-process
    (70% complete)
    10,000 units
    Goods started in production
    80,000 units
    Ending work-in-process
    (60% complete)
    5,000 units
    The beginning work-in-process was valued at $66,000, consisting of $20,000 of transferred-in costs, $30,000 of materials costs, and $16,000 of conversion costs. Materials are added at the beginning of the process; conversion costs are added evenly throughout the process. Costs added to production during February were
    Transferred-in
    $16,000
    Materials used
    88,000
    Conversion costs
    50,000





    Assume that the company uses the first-in, first-out (FIFO) method of inventory valuation. Under FIFO, how much conversion cost did A.P. Hill transfer out of Department Two during February?



  • 2.  RE: Question

    Posted 27 days ago
    Hi,

    Hope this could help.

    Regards,


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    Andrea Momesso
    Controller
    CHANTILLY - OISE
    France
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