Answer:
Cost of units transferred out = (20,100*$13.86) + (20,100*$4.43) = $278,586 + 89,043 = $367,629
Cost of units in ending inventory= (2,000*$13.86) + (800*$4.43) = $27,720 + 3,544 = $31,264
1B-Data concerning a recent period's activity in the Prep Department, the nurse processing department in a...
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Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses process costing, appear below: Equivalent units in ending work in process inventory Cost per equivalent unit Materials 2,140 $ 14.06 Conversion 950 $ 6.43 A total of 21,200 units were completed and transferred to the next processing department during the period. Required: 1. Compute the cost of ending work in process inventory for materials, conversion, and in total. 2....
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