A department adds materials at the beginning of the process and
incurs conversion costs uniformly throughout the process. For the
month of May, there was no beginning Work in Process; 45300 units
were completed and transferred out; and there were 14400 units in
the ending Work in Process that were 10% complete. During May,
$95520 materials costs and $70110 conversion costs were charged to
the department. How much are unit production costs for materials
and conversion costs for May if the weighted-average method is
used, rounded to the nearest whole cent?
Materials Conversion
Costs
$2.77 $1.55 |
$2.04 $1.50 |
$3.09 $2.27 |
$1.60 $1.50 |
D. $1,60; $1.50
Materials = $95,520 / (45,300 units + 14,400 units) = $1.60
Conversion Costs = $70,110 / [45,300 units + (14,400 units × 0.10)] = $1.50
A department adds materials at the beginning of the process and incurs conversion costs uniformly throughout...
A department adds all materials at the beginning of the process
and incurs conversion costs uniformly throughout the process. For
the month of July, there was no beginning work in process; 39800
units were completed and transferred out; and there were 20000
units in the ending work in process that were 30% complete. During
July, $173420 materials costs and $151140 conversion costs were
charged to the department.
The unit production costs for materials and conversion costs for
July were
Materials...
A department adds raw materials to a process at the beginning of
the process and incurs conversion costs uniformly throughout the
process. For the month of January, there were no units in the
beginning Work in Process inventory; 9900 units were started into
production in January; and there were 4400 units that were 70%
complete in the ending Work in Process inventory at the end of
January. The weighted-average method is used. What were the
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A department adds raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of January, there were no units in the beginning work in process inventory; 90,000 units were started into production in January; 70,000 units were transferred to finished goods; and there were 20,000 units that were 40% complete in the ending work in process inventory at the end of January. What were the equivalent units of...
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A department adds raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of January, there were no units in the beginning work in process inventory; 90,000 units were started into production in January; and there were 20,000 units that were 40% complete in the ending work in process inventory at the end of January. What were the equivalent units of production for materials for the month of...
The Assembly Department uses a process cost accounting system. The department adds materials and incurs conversion costs uniformly throughout the process. During May, $200,000 of materials costs and $95,000 in conversion costs were charged to the department. The beginning Work in Process inventory was $63,000 on May 1, comprised of $40,000 of materials costs and $23,000 of conversion costs. The company employs the FIFO method of process costing. Other data for the month of May are as follows: Beginning Work...
Question 44 2 pts A department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of July, there was no beginning work in process; 40,000 units were completed and transferred out; and there were 20,000 units in the ending work in process that were 40% complete. During July, $120,000 materials costs and $105,000 conversion costs were charged to the department. The unit production costs for materials and conversion costs for...
A department adds all raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of January, there were no units in the beginning work in process inventory; 91200 units were started into production in January; and there were 19600 units that were 30% complete in the ending work in process inventory at the end of January. What were the equivalent units of production for conversion costs for the...
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