Lori foods produces gourmet cheese, figures 2021 work in progress jan 1 units 45000 dm 85% complete conversion costs 65% complete

Question

asked Feb 13, 2024 32.0k views

1 Answer

Onevcat · Answer 1 · 2024-02-18T10:03:46+0000

The work-in-process inventory on January 1 is:

Units 45000

DM 85% complete 38250

Conversion costs 65% complete 29250

Total value $67500