The Roberto Company had computed the flow of units for Department B for the month of May as follows: Materials are added at the end of the process.There were 8,000 units of work in process at May 31.The work in process at May 1 was 30 percent complete as to conversion costs and the work in process at May 31 was 20 percent complete as to conversion costs.What was the cost of the goods transferred out and in ending work in process using the FIFO method? (Ignore transferred-in costs).

Question

The Roberto Company had computed the flow of units for Department B for the month of May as follows:  ​  Materials are added at the end of the process.There were 8,000 units of work in process at May 31.The work in process at May 1 was 30 percent complete as to conversion costs and the work in process at May 31 was 20 percent complete as to conversion costs.What was the cost of the goods transferred out and in ending work in process using the FIFO method? (Ignore transferred-in costs).

Quizplus · Accepted Answer

The Answer of The Roberto Company had computed the flow of units for Department B for the month of May as follows:  ​  Materials are added at the end of the process.There were 8,000 units of work in process at May 31.The work in process at May 1 was 30 percent complete as to conversion costs and the work in process at May 31 was 20 percent complete as to conversion costs.What was the cost of the goods transferred out and in ending work in process using the FIFO method? (Ignore transferred-in costs).

The Roberto Company Had Computed the Flow of Units for Department