Answer
11 Williams Company computed its cost per equivalent unit for direct materials to be $1.70 and...
Williams Company computed its cost per equivalent unit for direct materials to be $2.50 and its cost per equivalent unit for conversion to be $3.77. A total of 235,000 units of product were completed and transferred out as finished goods during the month. The ending Work in Process inventory consists of 30,000 equivalent units of direct materials and 30,000 equivalent units of conversion costs. The amount that should be reported in ending Work in Process Inventory is: Multiple Choice $1,473,450....
Williams Company computed its cost per equvalent unit Sor drect materals to be $2.60 and its cost per equvaient unt for conversion to be $3.7S A total of 250000 units of product were completed and transfesred out as fimshed goods during the month. The ending Work in Process inventory consists of 36,000 equvalent units of drect matenals and 36.000 equvalent units of conversion costs. The amount thet should be reporned n ending Work in Process Inventory is Muliple Choice 93.600...
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...
The cost per equivalent unit of direct materials and conversion in the Bottling Department of Mountain Springs Water Company is $0.45 and $0.12, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 0 3,500 Started and completed during the period 57,000 57,000 Transferred out of Bottling (completed) 57,000 60,500 Inventory in process, end of period 3,500 1,800 Total units and costs...
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 $0.70 and $1.05, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 2,300 Started and completed during the period 38,000 38,000 Transferred out of Filling (completed) 38,000 40,300 Inventory in process, end of period 3,000 900 Total units...
A. Total conversion LUSU B. Conversion cost per equivalent unit C. Direct materials cost per equivalent unit 000 units EX 3-11 Equivalent units of production and related costs Obj. 2 The charges to Work in Process-Assembly Department for a period, together with informa- tion concerning production, are as follows. All direct materials are placed in process at the beginning of production. CEL TEMPLATE Work in Process-Assembly Department Bal., 1,600 units, 35% completed 17,440 To Finished Goods, 29,600 units Direct materials,...
E3-7 Calculating Equivalent Units, Cost per Equivalent Unit, Reconciling the Cost of Work in Process (Weighted Average Method) [LO 3-2, 3-3] Silver Company manufactures kites and has the following information available for the month of April: Work in process, April 1 (100% complete for materials, 41% for conversion) Direct materials Conversion cost AA 32,000 units 39,000 63,000 Number of units started 79,000 units April costs Direct materials Conversion cost $ $ 119,000 167,000 Work in process, April 30 (100% complete...
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...
The costs per equivalent unit of direct materials and conversion in the Bottling Department of Rocky Springs Beverage Company are $2.55 and $1.4, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 0 1,700 Started and completed during the period 34,000 34,000 Transferred out of Bottling (completed) 34,000 35,700 Inventory in process, end of period 2,000 800 Total units to be assigned costs 36,000 36,500 The beginning...
the cost per equivalent unit for materials for the month in
the first processing department is closest to:
Heller Corporation uses the weighted average method in its p first processing department for the most recent month are listed below: weighted average method in its process costing system. Data concerning the Beginning work in process inventory: Units in beginning work in process inventory. .. Materials costs......... Conversion costs.......................... ..... Percent complete with respect to materials....... Percent complete with respect to conversion.....