Solved

Goody Company Adds Direct Materials at the Beginning of the Process

question 12

Multiple Choice

Goody Company adds direct materials at the beginning of the process and adds conversion costs throughout the process.Data for the finishing department follows: $\begin{array} { | l | r | } \hline \text { WIP, April 1 } & 12,000 \text { units } \\\hline \text { Transferred-in costs in WIP, April 1 } & \$ 78,940 \\\hline \text { Direct materials (100\%) in WIP, April 1 } & \$ 22,420 \\\hline \text { Conversion costs (70\%) in WIP, April 1 } & \$ 21,385 \\\hline \text { Units transferred-in } & 45,000 \\\hline \text { Transferred-in costs during April } & \$ 540,900 \\\hline \text { Units completed } & 42,000 \\\hline \text { April direct materials cost } & \$ 157,500 \\\hline \text { April conversion costs } & \$ 230,837 \\\hline \text { WIP, April 30 } & 15,000 \text { units } \\\hline \text { (100\% for materials and 60\% for conversion } & \\\text { costs) } & \\\hline\end{array}$
-The total number of physical units for which we have to account is:

Definitions:

Format Property

A property in software that allows users to change the appearance or format of data in a database or document, such as font type, size, or color.

Number Field

A number field refers to a field in a database designated to contain numerical data.

Property Sheet

A user interface component that lists the properties of an object and allows the user to edit them.

Relationships Window

A part of database management systems, specifically in applications like Microsoft Access, where users can define, view, and edit relationships between different tables.