Comfort chair company manufacturers a standard recliner.
during february, the firm's assembly department started production of 73,200 chairs.
during the month, the firm completed 78,200 chairs, and transferred them to the finishing department.
the firm ended the month with 10,600 chairs in ending inventory. there were 15,600 chairs in beginning inventory.
all direct materials costs are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process.
the fifo method of process costing is used by comfort. beginning work in process was 25% complete as to conversion costs, while ending work in process was 75% complete as to conversion costs.
beginning inventory:
direct materials $24,100
conversion costs $35,700
manufacturing costs added during the accounting period:
direct materials $169,000
conversion costs $278,400
what is the cost of the goods transferred out during february?
(round intermediary calculations to the nearest cent.)
$455,540.00
$480,382.82
$507,200.00
$434,005.69
Answers: 2
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Comfort chair company manufacturers a standard recliner.
during february, the firm's as...
during february, the firm's as...
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