Question

At Hodgson Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applie

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Correct answer----------(D) $556,179

Working

Reconciliation of Units
A Beginning WIP                   22,000
B Introduced                 128,700
C=A+B TOTAL                 150,700
D Transferred out                 109,700
E=C-D Ending WIP                   41,000

.

Statement of Equivalent Units(Weighted average)
Material Conversion cost
Units Complete % Equivalent units Complete % Equivalent units
Transferred out                  109,700 100%                  109,700 100%                 109,700
Ending WIP                    41,000 100%                    41,000 60%                   24,600
Total                  150,700 Total                  150,700 Total                 134,300

.

Cost per Equivalent Units (Weighted average)
COST Material Conversion cost TOTAL
Beginning WIP Inventory Cost $ 35,000 $ 28,250 $ 63,250
Cost incurred during period $ 393,100 $ 271,125 $ 664,225
Total Cost to be accounted for $ 428,100 $ 299,375 $ 727,475
Total Equivalent Units                 150,700                  134,300
Cost per Equivalent Units $                   2.84 $                     2.23 $                5.07

.

Statement of cost (Weighted average)
Cost Equivalent Cost/unit Ending WIP Transferred
Units Cost Allocated Units Cost Allocated
Material $ 2.84                   41,000 $        116,440.00             109,700 $ 311,548
Conversion cost $ 2.23                   24,600 $          54,858.00             109,700 $ 244,631
TOTAL $ 727,477 TOTAL $ 171,298 TOTAL $ 556,179
Add a comment
Know the answer?
Add Answer to:
At Hodgson Corporation, direct materials are added at the beginning of the process and conversions costs...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

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
  • At Hodgson Corporation, direct materials are added at the beginning of the process and conversions costs...

    At Hodgson Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending (60% for conversion) $33,000 $23,250 $394,100 $273,125 24,200 units 121,500 units 110,700 units 35,000 units What is the total cost of units remaining in ending WIP? (Round intermediate...

  • At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs...

    At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending (60% for conversion) Beginning WIP direct materials Beginning WIP con Costs of materials added Costs of conversion added 26,200 units 129,500 units 109,700 units 46,000 units $35,000 $22,500 $384,100 $271,125 What are the total equivalent units for conversion costs? O A. 137,300 OB. 155700...

  • At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs...

    At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending (60% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added 23,200 units 128,500 units 108,700 units 43,000 units $37,000 $23,500 $385,100 $271,125 What is the total cost of units completed and transferred out? (Round intermediate...

  • At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs...

    At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending (60% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added 20,200 units 130,500 units 107,700 units 43,000 units $30,000 $22,500 $393,100 $271,125 What is the cost per equivalent unit for direct materials? (Round your final...

  • At Hodgson Corporation, direct materials are added at the beginning of the process and conversions costs...

    At Hodgson Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending (60% for conversion) $32,000 $32,000 $384,100 $387,100 28,200 units 129,500 units 108,700 units 49,000 units What is the cost per equivalent unit for conversion costs? O A. $2.66...

  • At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs...

    At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending 60% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added 22,200 units 128,500 units 116,700 units 34,000 units $39,000 $29,500 $389,100 $262,125 What is the total cost of units remaining in ending WIP? (Round intermediate...

  • At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs...

    At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending (60% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added 28,200 units 123,500 units 106,700 units 45,000 units $35,000 $22,500 $384,100 $271,125 What are the total equivalent units for direct materials? OA. 134,900 OB. 133,700...

  • ALHOSO Corporation, direct materials are added at the beginning of the process and codversions costs are...

    ALHOSO Corporation, direct materials are added at the beginning of the process and codversions costs are uniformly applied. Other details include: ch Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added WIP beginning (50% for conversion) Units started a Units completed and transferred out WIP ending (60% for conversion) $33,000 $24.250 $389,100 $274,125 24,200 units 128,500 units 110,700 units 42,000 units What is the total cost of units completed and transferred out? distrib...

  • At Sunrise Corporation, direct materials are added at the beginning of the process and conversions costs...

    At Sunrise Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (50% for conversion) Units started Unito completed and transferred out WIP ending (60% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion Added 19.200 units 120,500 units 116,700 units 22 000 units $35,000 $ 22,500 $384,100 5271,125 What is the total cost of units completed and transferred out?...

  • At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs...

    At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending (60% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added 21,200 units 121,500 units 108,700 units 34,000 units $35,000 $25,500 $384,100 $270,125 What is the cost per equivalent unit for conversion costs? (Round your final...

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