ZuoTi.Pro
Question

From the information below compute the cost of goods manufactured and transferred out Direct Materials Equivalent...

From the information below compute the cost of goods manufactured and transferred out

Direct Materials Equivalent Units                              Conversion Costs Equivalent units

Beginning Inventory               0                                              3,000

Started & Complete                7,500                                       7,500

Ending Inventory                    4,000                                       2,800

Cost per Equivalent unit for Materials             6.50

Cost per Equivalent unit for Conversion costs   4.25

Costs from Beginning inventory                   $16,000

business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1
Costs from Beginning inventory 16000
To complete Beginning Inventory 12750 =3000*4.25
Cost of units Started & Completed 80625 =7500*(6.50+4.25)
Cost of goods manufactured and transferred out 109375
0 0
Add a comment
Know the answer?
Add Answer to:
From the information below compute the cost of goods manufactured and transferred out Direct Materials Equivalent...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Cost per Equivalent Unit The cost of direct materials transferred into the Rolling Department of Kraus...

    Cost per Equivalent Unit The cost of direct materials transferred into the Rolling Department of Kraus Company is $490,000. The conversion cost for the period in the Rolling Department is $280,600. The total equivalent units for direct materials and conversion are 2,500 tons and 4,600 tons, respectively. Determine the direct materials and conversion costs per equivalent unit. Direct materials cost per equivalent unit: per ton Conversion cost per equivalent unit: per ton Cost of Units Transferred Out and Ending Work...

  • 0 Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit...

    0 Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Rolling Department of Kraus Steel Company are $0.35 and $2.20, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, October 1 2,800 Started and completed during October 46,000 46,000 Transferred out of Rolling (completed) 46,000 48,800 Inventory in process, October 31 3,000 1,800 Total units to be...

  • Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of...

    Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Filling Department of Eve Cosmetics Company are $0.60 and $0.60, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 0 4,000 Started and completed during the period 67,000 67,000 Transferred out of Filling (completed) 67,000 71,000 Inventory in process, end of period 5,000 1,500 Total...

  • Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of...

    Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Filling Department of Eve Cosmetics Company are $0.70 and $1.05, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 2,300 Started and completed during the period 38,000 38,000 Transferred out of Filling (completed) 38,000 40,300 Inventory in process, end of period 3,000 900 Total units...

  • Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of...

    Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Rolling Department of Kraus Steel Company are $1.55 and $0.60, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, October 1 0 3,000 Started and completed during October 38,000 38,000 Transferred out of Rolling (completed) 38,000 41,000 Inventory in process, October 31 5,000 3,000 Total units to be...

  • Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of...

    Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Rolling Department of Kraus Steel Company are $750 and $120, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, October 1 0 80 Started and completed during October 3,700 3,700 Transferred out of Rolling (completed) 3,700 3,780 Inventory in process, October 31 300 75 Total units to be...

  • Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of...

    Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Rolling Department of Kraus Steel Company are $1.05 and $0.95, respectively, The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, October 1 2,600 Started and completed during October 64,000 Transferred out of Rolling (completed) 66,600 64,000 64,000 3,000 67,000 Inventory in process, October 31 1,200 Total units to be...

  • Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of...

    Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Filling Department of Eve Cosmetics Company are $0.40 and $0.10, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 0 1,600 Started and completed during the period 42,000 42,000 Transferred out of Filling (completed) 42,000 43,600 Inventory in process, end of period 8,000 2,000 Total...

  • FIFO Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process Dama Company...

    FIFO Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process Dama Company produces women's blouses and uses the FIFO method to account for its manufacturing costs. The product Dama makes passes through two processes: Cutting and Sewing. During April, Dama's controller prepared the following equivalent units schedule for the Cutting Department: Direct Materials Conversion Costs Units started and completed 40,000 40,000 Units, beginning work in process: 12,000 × 0% — — 12,000 × 50% — 6,000...

  • Weighted Average Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process Holmes...

    Weighted Average Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process Holmes Products, Inc., produces plastic cases used for video cameras. The product passes through three departments. For April, the following equivalent units schedule was prepared for the first department: Direct Materials Conversion Costs Units completed 25,000 25,000 Units, ending work in process ×   Percentage complete: 8,000 × 100% 8,000 — 8,000 × 50% — 4,000 Equivalent units of output 33,000 29,000 Costs assigned to beginning...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT