Production information shows the following costs and units for the smoothing department in August. Cost Units...

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Production information shows the following costs and units for the smoothing department in August. Cost Units Work in process

business accounting

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Answer 1

Answer #1

Beginning units	610
(+) Transferred in	1760
(-) Transferred out	1730
Ending units	640

	Materials	Conversion
Units transferred out	1730	1730
(+) Ending equivalent units [ Ending units * % Completion ]	640	128
Equivalent units	2370	1858

	Materials	Conversion
Beginning work in process	1600	2300
(+) Cost added during the period	7406	19067 [14500+4567 ]
Total cost	9006	21367
(/) Equivalent units	2370	1858
Cost per equivalent unit	3.80	11.50

	Materials	Conversion	Total
Units transferred out	1730	1730
(*) Cost per equivalent unit	3.80	11.50
Value of inventory transferred out	6574	19895	26469

	Materials	Conversion	Total
Ending equivalent units	640	128
(*) Cost per equivalent unit	3.80	11.50
Value of ending inventory	2432	1472	3904

Transferred out	26469
Ending inventory	3904

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Answer 2

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Production information shows the following costs and units for the smoothing department in August. Cost Units...

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