Completed and transferred out production | 135220 |
Inventory in process, October 31 | 8840 |
Total costs assigned by the rolling department | 144060 |
Workings:
Inventory in process, October 1 | 1840 | |
Inventory in process, beginning of period | 1080 | [2700*0.4] |
Cost of completed beginning work in process | 2920 | |
Started and completed during the period | 132300 | [54000*(2.05+0.4)] |
Completed and transferred out production | 135220 | |
Direct materials cost | 8200 | [4000*2.05] |
Conversion costs | 640 | [0.4*1600] |
Inventory in process, October 31 | 8840 |
The costs per equivalent unit of direct materials and conversion in the Rolling Department of Kraus...
The costs per equivalent unit of direct materials and conversion in the Rolling Department of Kraus Steel Company are $0.75 and $2.65, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, October 1 2,000 50,000 Started and completed during October Transferred out of Rolling (completed) Inventory in process, October 31 50,000 50,000 4,000 54,000 52,000 1,600 Total units to be assigned costs 53,600 The beginning work in process inventory on...
Cost per Equivalent Unit The cost of direct materials transferred into the Rolling Department of Kraus Company is $490,000. The conversion cost for the period in the Rolling Department is $280,600. The total equivalent units for direct materials and conversion are 2,500 tons and 4,600 tons, respectively. Determine the direct materials and conversion costs per equivalent unit. Direct materials cost per equivalent unit: per ton Conversion cost per equivalent unit: per ton Cost of Units Transferred Out and Ending Work...
COSL or Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Rolling Department of Kraus Steel Company are $2.10 and $2.50, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, October 1 4,100 Started and completed during October 68,000 68,000 Transferred out of Rolling (completed) 68,000 72,100 Inventory in process, October 31 7,000 2,100 Total units to be assigned...
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Rolling Department of Kraus Steel Company are $750 and $120, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, October 1 0 80 Started and completed during October 3,700 3,700 Transferred out of Rolling (completed) 3,700 3,780 Inventory in process, October 31 300 75 Total units to be...
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Rolling Department of Kraus Steel Company are $0.85 and $2.20, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, October 1 3,400 Started and completed during October 67,000 67,000 Transferred out of Rolling completed) 67,000 70,400 Inventory in process, October 31 7,000 4,200 Total units to be assigned...
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Rolling Department of Kraus Steel Company are $0.50 and $1.65, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, October 1 0 3,200 Started and completed during October 46,000 46,000 Transferred out of Rolling (completed) 46,000 49,200 Inventory in process, October 31 5,000 2,500 Total units to be...
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Rolling Department of Kraus Steel Company are $1.05 and $0.95, respectively, The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, October 1 2,600 Started and completed during October 64,000 Transferred out of Rolling (completed) 66,600 64,000 64,000 3,000 67,000 Inventory in process, October 31 1,200 Total units to be...
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Rolling Department of Kraus Steel Company are $1.55 and $0.60, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, October 1 0 3,000 Started and completed during October 38,000 38,000 Transferred out of Rolling (completed) 38,000 41,000 Inventory in process, October 31 5,000 3,000 Total units to be...
0 Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Rolling Department of Kraus Steel Company are $0.35 and $2.20, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, October 1 2,800 Started and completed during October 46,000 46,000 Transferred out of Rolling (completed) 46,000 48,800 Inventory in process, October 31 3,000 1,800 Total units to be...
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Rolling Department of Kraus Steel Company are $750 and $120, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion 0 80 Inventory in process, October 1 Started and completed during October Transferred out of Rolling (completed) Inventory in process, October 31 Total units to be assigned costs 3,700 3,700 300 3.700...