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 |
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 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 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 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 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 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 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 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 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 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...