Question

eBook Show Me How Calculator Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Filling Department of Eve Cosmetics Company are $1.90 and $1.55, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 4,100 Started and completed during the period 68,000 68,000 Transferred out of Filling (completed) 68,000 72,100 Inventory in process, end of period 9,000 4,500 Total units to be assigned costs 77,000 76,600 The beginning work in process inventory had a cost of $2,540. Determine the cost of completed and transferred-out production and the ending work in process inventory. If required, round to the nearest dollar Completed and transferred-out production Inventory in process, ending Check My Work 2 more Check My Work uses remaining. Previous Next All work saved. Save and Exit Submit Assignment for Gra

Answer 1

direct materials total conversion 72,100 units transferred out 68,000 1.90 cost per equivalent unit $ $ 1.55 cost assigned in this period $ 129,200 $ 111,755 $ 240,955 + cost of beginning inventory $ 2,540 = cost of units completed and transferred-out production $ 243,495 direct materials conversion total inventory in progress, ending 4,500 9,000 1.90 $ cost per equivalent unit 1.55 $ $ cost of inventory in progress, ending 17,100 $ 6,975 $ 24,075 completed and transferred-out production $243,495 $ 24,075 inventory in progress, ending

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