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 had been assigned to beginning work in process inventory was $35,058 and a total of $559,754 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:
Multiple Choice
$9.559
$9.845
$9.760
$8.515
The cost per equivalent unit for conversion costs for January in the Molding Department is $ 9.845.
Calculation of Equivalent units (Weighted Average Method) | ||
Material | Conversion | |
Units Completed and Transferred | 57300 | 57300 |
Closing WIP: 7800 Units | ||
Direct Materials 100% complete | 7800 | |
Conversion 40% complete | 3120 | |
Equivalent Units | 65100 | 60420 |
Cost per Equivalent Units (Weighted average) | ||
COST | Material | Conversion cost |
Beginning WIP Inventory Cost | 202000 | 35058 |
Cost incurred during period | 517400 | 559754 |
Total Cost to be accounted for | 719400 | 594812 |
Total Equivalent Units | 65100 | 60420 |
Cost per Equivalent Units | 11.05 | 9.845 |
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’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...
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. 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 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. 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...
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...
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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...
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