At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied (60% complete at the end of the month).
| WIP beginning | 0 units, $0 |
| Units started | 122,500 units |
| Units completed | 116,700 units |
| Costs of materials added | $382,720 |
| Costs of conversion added | $275,790 |
a. Calculate equivalent units for direct materials and conversion costs.
b. Calculate the cost per unit of direct materials and cost per unit of conversion costs.
c. What is the total amount of costs transferred to finished goods inventory?
d. What is the total amount of WIP ending balance in dollars?
Homework Answers
a) Equivalent unit of material = 116700+(5800*100%) = 122500
Equivalent unit of conversion = 116700+(5800*60%) = 120180
b) Cost per equivalent unit of material = 382720/122500 = 3.12
Cost per equivalent unit of conversion = 275790/120180 = 2.29
c) Cost transferred to finished goods = (3.12+2.29)*116700 = $631347
d) Ending WIP = (5800*3.12+3480*2.29) = 26065
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At Trapeze Corporation, direct materials are added at the
beginning of the process and conversions costs...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending 60% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added 22,200 units 128,500 units 116,700 units 34,000 units $39,000 $29,500 $389,100 $262,125 What is the total cost of units remaining in ending WIP? (Round intermediate...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending (60% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added 20,200 units 130,500 units 107,700 units 43,000 units $30,000 $22,500 $393,100 $271,125 What is the cost per equivalent unit for direct materials? (Round your final...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending (60% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added 21,200 units 121,500 units 108,700 units 34,000 units $35,000 $25,500 $384,100 $270,125 What is the cost per equivalent unit for conversion costs? (Round your final...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending (60% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added 28,200 units 123,500 units 106,700 units 45,000 units $35,000 $22,500 $384,100 $271,125 What are the total equivalent units for direct materials? OA. 134,900 OB. 133,700...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending (60% for conversion) Beginning WIP direct materials Beginning WIP con Costs of materials added Costs of conversion added 26,200 units 129,500 units 109,700 units 46,000 units $35,000 $22,500 $384,100 $271,125 What are the total equivalent units for conversion costs? O A. 137,300 OB. 155700...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending (60% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added 23,200 units 128,500 units 108,700 units 43,000 units $37,000 $23,500 $385,100 $271,125 What is the total cost of units completed and transferred out? (Round intermediate...
At Trapeze Corporation direct materials are added at the beginning of the process and conversions costs...
At Trapeze Corporation direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (50% for conversion) Units started Units completed and ansferred out WIP ending (60% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added 23,200 units 121,500 units 109 700 units 35,000 units $40,000 $27,500 $393, 100 $263.125 What is the total cost of units remaining in ending WIP?...
At Sunrise Corporation, direct materials are added at the beginning of the process and conversions costs...
At Sunrise Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (50% for conversion) Units started Unito completed and transferred out WIP ending (60% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion Added 19.200 units 120,500 units 116,700 units 22 000 units $35,000 $ 22,500 $384,100 5271,125 What is the total cost of units completed and transferred out?...
At Hodgson Corporation, direct materials are added at the beginning of the process and conversions costs...
At Hodgson Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending (60% for conversion) $32,000 $32,000 $384,100 $387,100 28,200 units 129,500 units 108,700 units 49,000 units What is the cost per equivalent unit for conversion costs? O A. $2.66...
At Onyx Incorporated, direct materials are added at the beginning of the process and conversions costs...
At Onyx Incorporated, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (70% for conversion) Units started Units completed and transferred out WIP ending (50% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added 23,200 units 152,000 units 119,000 units 56,200 units $44,500 $25,200 $442,100 $260,000 What is the cost per equivalent unit for direct materials? O A. $3.31...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending 60% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added 22,200 units 128,500 units 116,700 units 34,000 units $39,000 $29,500 $389,100 $262,125 What is the total cost of units remaining in ending WIP? (Round intermediate...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending (60% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added 20,200 units 130,500 units 107,700 units 43,000 units $30,000 $22,500 $393,100 $271,125 What is the cost per equivalent unit for direct materials? (Round your final...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending (60% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added 21,200 units 121,500 units 108,700 units 34,000 units $35,000 $25,500 $384,100 $270,125 What is the cost per equivalent unit for conversion costs? (Round your final...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending (60% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added 28,200 units 123,500 units 106,700 units 45,000 units $35,000 $22,500 $384,100 $271,125 What are the total equivalent units for direct materials? OA. 134,900 OB. 133,700...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending (60% for conversion) Beginning WIP direct materials Beginning WIP con Costs of materials added Costs of conversion added 26,200 units 129,500 units 109,700 units 46,000 units $35,000 $22,500 $384,100 $271,125 What are the total equivalent units for conversion costs? O A. 137,300 OB. 155700...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending (60% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added 23,200 units 128,500 units 108,700 units 43,000 units $37,000 $23,500 $385,100 $271,125 What is the total cost of units completed and transferred out? (Round intermediate...
At Trapeze Corporation direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (50% for conversion) Units started Units completed and ansferred out WIP ending (60% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added 23,200 units 121,500 units 109 700 units 35,000 units $40,000 $27,500 $393, 100 $263.125 What is the total cost of units remaining in ending WIP?...
At Sunrise Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (50% for conversion) Units started Unito completed and transferred out WIP ending (60% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion Added 19.200 units 120,500 units 116,700 units 22 000 units $35,000 $ 22,500 $384,100 5271,125 What is the total cost of units completed and transferred out?...
At Hodgson Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending (60% for conversion) $32,000 $32,000 $384,100 $387,100 28,200 units 129,500 units 108,700 units 49,000 units What is the cost per equivalent unit for conversion costs? O A. $2.66...
At Onyx Incorporated, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (70% for conversion) Units started Units completed and transferred out WIP ending (50% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added 23,200 units 152,000 units 119,000 units 56,200 units $44,500 $25,200 $442,100 $260,000 What is the cost per equivalent unit for direct materials? O A. $3.31...
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