Nichola,Inc Required:
A $90 \%$ Complete and Conversion in Ending Work in Process Had Been

question 139

Essay

Nichola,Inc.manufactures products that pass through two processes.The company uses the weighted average method to compute unit costs.During April,equivalent units were computed as follows:

Cost was added as follows:
$$\begin{array} { l r } \text { Materials } & \$ 73,750 \\\text { Conversion cost } & 57,200 \\\text { Total cost } & \$ 130,950 \\\hline\end{array}$$
Required:
A. Determine the cost of the goods transferred out.
B. Determine the cost of ending work in process.
Determine the cost of the goods transferred out if materials in ending work in process had
C. been $90 \%$ complete and conversion in ending work in process had been $70 \%$ complete. Round costs per unit to two decimal places if necessary.

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Definitions:

Biological Needs

Essential requirements for human survival, such as food, water, shelter, and sleep.

Basic Biological Motives

Fundamental drives that are necessary for survival, such as hunger, thirst, and the need for shelter.

Autonomic Arousal

The activation of the autonomic nervous system, inducing physiological changes such as increased heart rate and blood pressure in response to stimuli.

Conscious Experience

The awareness of one's own thoughts, feelings, sensations, and surroundings at any given moment.