Paceheco Corporation uses the
weighted-average method in its process costing system. The Molding
Department is the second department in its production process. The
data below summarize the department’s operations in January. Units
Percent Complete with Respect to Conversion Beginning work in
process inventory 5,200 70 % Transferred in from the prior
department during January 59,100 Completed and transferred to the
next department during January 56,900 Ending work in process
inventory 7,400 40 % The accounting records indicate that the
conversion cost that had been assigned to beginning work in process
inventory was $34,658 and a total of $559,354 in conversion costs
were incurred in the department during January. The cost per
equivalent unit for conversion costs for January in the Molding
Department is closest to:
Answer: $ 9.923
Workings:
Equivalent Units of Production (EUP) - Weighted Average Method | ||||||
Units | % Conv. | EUP- Conv. | ||||
Units completed and transferred out | 56900 | 100% | 56900 | |||
Units in ending inventory | 7400 | 40% | 2960 | |||
Equivalent units of production | 59860 |
Cost per Equivalent Unit of Production | |||||
Conversion | |||||
Beginning costs | $ 34,658.00 | ||||
During the month costs | $ 559,354.00 | ||||
Total cost | Costs | $ 594,012.00 | |||
÷ | Equivalent units of production | EUP | 59860 | ||
Cost per equivalent unit of production | $ 9.923 |
Paceheco Corporation uses the weighted-average method in its process costing system. The Molding Department is the...
Paceheco Corporation uses the weighted average method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the department operations in January Percent Complete with Respect to Conversion Beginning work in process inventory Transferred in from the prior department during January Completed and transferred to the next department during January Ending work in process inventory 6,85e 59,950 57,750 8,250 40% The accounting records indicate that the conversion cost that had...
Paceheco Corporation uses the weighted-average method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the department’s operations in January. Units Percent Complete with Respect to Conversion Beginning work in process inventory 5,550 70 % Transferred in from the prior department during January 59,450 Completed and transferred to the next department during January 57,250 Ending work in process inventory 7,750 40 % The accounting records indicate that the conversion...
Paceheco Corporation uses the weighted average method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the department's operations in January. Percent Complete with Respect to Conversion 70% Beginning work in process inventory Transferred in from the prior department during January Completed and transferred to the next department during January Ending work in process inventory Units 5,900 59,800 57,600 8,100 40% The accounting records indicate that the conversion cost...
Paceheco Corporation uses the weighted-average method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the department’s operations in January. Units Percent Complete with Respect to Conversion Beginning work in process inventory 5,850 70 % Transferred in from the prior department during January 59,750 Completed and transferred to the next department during January 57,550 Ending work in process inventory 8,050 40 % The accounting records indicate that the conversion...
Paceheco Corporation uses the weighted-average method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the department’s operations in January. Units Percent Complete with Respect to Conversion Beginning work in process inventory 5,600 70% Transferred in from the prior department during January 59,500 Completed and transferred to the next department during January 57,300 Ending work in process inventory 7,800 40% The accounting records indicate that the conversion cost that...
QUESTION 15 Paceheco Corporation uses the weighted average method in its process costing system. The Molding process. The data below summarize the department's operations in January. Percent Complete with Respect to Units Conversion Beginning work in process inventory 5400 70% Transferred in from the prior department during January 59,300 Completed and transferred to the next department during 57,100 January Ending work in process inventory 7600 40% The accounting records indicate that the conversion cost that had been assigned to beginning...
ABC Corporation uses the weighted-average method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the department's operations in January. Percent Complete with Units Respect to Conversion Beginning work in process inventory 5,100 70% Transferred in from the prior department during January 59,000 Completed and transferred to the next department during January 56,800 Ending work in process inventory 7,300 40% The accounting records indicate that the conversion cost that...
Corporation uses the weighted-average method in its process costing system. The Molding it is the second department in its production process. The data below summarize the department's in January Percent Complete with Respect to Conversion 70% ing work in process inventory erred in from the prior department during January ted and transferred to the next department during January work in process inventory Units 5,700 59,600 57,400 7,900 40% nting records indicate that the conversion cost that had been assigned to...
Corporation uses the weighted average method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the department's operations in January Percent Complete Respect to Conversion Beginning work in process inventory Transferred in from the prior department during January Completed and transferred to the next department during January Ending work in process inventory Units 8,000 66,800 8,200 BOX The Molding Department's cost per equivalent unit for conversion cost for cary...
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