Davies Manufacturing uses the weighted average method in its operations and shows the following information for its first processing department:
Percent Complete |
|||
Units |
Materials |
Conversion |
|
Work in process, beginning |
300 |
85% |
40% |
Started into production |
9,100 |
||
Completed and transferred out |
8,700 |
||
Work in process, ending |
700 |
80% |
20% |
Materials |
Conversion |
||
Work in process, beginning |
$7,545 |
$4,900 |
|
Cost added during August |
$240,300 |
$242,400 |
Assume the number of equivalent units for Materials is 9,300. What is the cost perequivalent unit for Materials?
A. |
26.60 |
|||||||||||||
B. |
25.84 |
|||||||||||||
C. |
26.65 |
|||||||||||||
D. |
26.06 Assume the cost per equivalent unit for Conversion Costs is $27.98. What is the cost of units transferred out for Conversion Costs?
|
Question 1
Correct answer-----------(c ) $26.65
Working
COST | Material | |
Beginning WIP Inventory Cost | $ 7,545 | |
Cost incurred during period | $ 240,300 | |
Total Cost to be accounted for | $ 247,845 | |
Total Equivalent Units | 9,300 | |
Cost per Equivalent Units | $ 26.65 |
Question 2
Correct answer------------$243,426
Working
Statement of cost (Weighted average) | |||||
Cost | Equivalent Cost/unit | Transferred | |||
Units | Cost Allocated | ||||
Conversion cost | $ 27.98 | 8,700 | $ 243,426.00 |
Davies Manufacturing uses the weighted average method in its operations and shows the following information for...
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