Test 2 Prep SP22
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Accounting
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Apr 3, 2024
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1)
Cost Type:
Transferred In Direct Materials Finished and Transferred
1,440,000 1,440,000 Remaining in Process
60,000 33,000 Equivalent Units:
1,500,000 1,473,000 2)
Transferred In Beginning Costs
$ 356,000 Plus: Costs Incurred in Process
$ 850,000 Costs per Cost Area
$ 1,206,000 3)
Direct Materials Conversion Units Finished
950 950 Cost per Unit
$ 23.00 $ 5.00 Costs Transferred to Sealing
$ 21,850.00 $ 4,750.00 4)
Beginning Units 10,000 Plus: Units Started 115,000 Total Physical Units of Inventory 125,000
Conversion 1,440,000 45,000 1,485,000 TOTALS $ 26,600 1) Rock has 1,500,000 physical units of inventory in its Finishing Process. The units were transferred from a previous step. 60,000 units remain in the process at the end
These units are 55% completed in Materials and 75% completed in Conversion.
2) Brick's design process makes special cinderblocks for construction. The process began with 95,000 units and $356,000 in costs from the previous processes. 65,000 mugs with transferred costs of $1,110,000 are transferred into the process. Conversion costs are $850,000 for the period. What is the total transferred-in costs in
the design process?
3) Stone has a process of shaping stones for construction. In this process, 1,000 units
were started and 950 were finished. The conversion costs were $5 per unit and the direct materials costs were $23. How much in costs were transferred into the next process?
4) Cement's process begins with 10,000 units that are 50% done in both materials an
conversion. Cement begins 115,000 units and finishes 95,000 units. Determine Cement's Physical Units for the process.
d. n s nd
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Calculation of Equivalent Units
Cost Type:
Transferred In Direct Materials Conversion Finished and Transferred
1,440,000 1,440,000 1,440,000 Remaining in Process
60,000 33,000 45,000 Equivalent Units:
1,500,000 1,473,000 1,485,000 Transferred In Beginning Costs
$ 356,000 Plus: Costs Incurred in Proces $ 1,110,000 Costs per Cost Area
$ 1,466,000 Costs transferred and in Process
Direct Materials Conversion TOTALS Units Finished
950 950 Cost per Unit
$ 5.0000 $ 23.0000 Costs Transferred to Sealing
$ 4,750.00 $ 21,850.00 $ 26,600 Cement's Process Physical Units Beginning Units 10,000 Plus: Units Started 115,000 Total Physical Units of Invent 125,000 1) Rock h
were tra
These un
2) Brick'
began w
mugs wi
Convers
the desi
3) Stone
were sta
direct m
process?
4) Ceme
and con
Cement'
has 1,500,000 physical units of inventory in its Finishing Process. The units ansferred from a previous step. 60,000 units remain in the process at the end. nits are 55% completed in Materials and 75% completed in Conversion.
's design process makes special cinderblocks for construction. The process with 95,000 units and $356,000 in costs from the previous processes. 65,000 ith transferred costs of $1,110,000 are transferred into the process. sion costs are $850,000 for the period. What is the total transferred-in costs in ign process?
e has a process of shaping stones for construction. In this process, 1,000 units arted and 950 were finished. The conversion costs were $5 per unit and the materials costs were $23. How much in costs were transferred into the next ?
ent's process begins with 10,000 units that are 50% done in both materials nversion. Cement begins 115,000 units and finishes 95,000 units. Determine 's Physical Units for the process.
Fabrication, mins
Finishing, mins
Cycle Time, Hrs
Hammer
5
6
0.183
Chisel
10
12
0.367
Axe
12
15
0.450
Productive Hours Capacity
Units
Cycle Time, Hrs
Production Hours
Hammer
100000
0.183 18,333.33 Chisel
100000
0.367 36,666.67 Axe
100000
0.450 45,000.00 Total Hours Capacity
100,000 Overhead Rate
Total OH
$ 3,200,000.00 Practical Capacity, Hrs 100,000 Overhead Rate per Hour
$ 32.00 Unused Capacity
Units
Cycle Time, Hrs
Time Used, hrs
Hammers
90000
0.18 16,500.00 Chisels
95000
0.37 34,833.33 Axes
98000
0.45 44,100.00 Total Time Used
95,433.33 Total Overhead
$ 3,200,000.00 Overhead Applied
$ 3,053,866.67 Unused Capacity
$ 146,133.33
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Boulder Company has the following information related to its operations. Use Duration Based Costing to allocate overhead across these processes.
Boulder makes three items: Hammers, Chisels, and Axes. There are two processes in creating these items: Fabrication and Finishing. The cycle times for each item are given below for Fabrication and Finishing
Hammer: 5 minutes, 6 minutes
Chisel: 10 minutes, 12 minutes
Axe: 12 minutes, 15 minutes
Boulder has practical capacity of 100,000 of each item. Boulder has total overhead costs of $3,200,000 during the period.
REQUIRED
Calculate the Cycle time for each item, the Productive Hours Capacity, and the Overhead Rate per Hour for Boulder.
If Boulder produces 90,000 Hammers, 95,000 Chisels, and 98,000 Axes, What is the unused capacity for Boulder?
Assembly, minutes
Hammers
5
6
0.183333333333
Chisels
10
12
0.366666666667
Axes
12
15
0.45
Hammer
100,000 18,333.33 Chisel
100,000 36,666.67 Axe
100,000 45,000.00 Total Hours
100,000.00 Total Overhead
3,200,000 Overhead Rate
32.00 Unused Capacity:
Units Produced
Hammers
$ 90,000.00 0.183333333333333 16,500.00 Chisels
$ 95,000.00 0.366666666666667 34,833.33 Axes
$ 98,000.00 0.45 44,100.00 Total Hours Used
95,433.33 Total Capacity Used
$ 3,053,866.67 Unused Capacity
$ 146,133.33 Arrangement, minutes
TOTAL time per Unit, hours
Production Capacity, units
Production Capacity, hours
Production Time per Unit, Hours
Production Hours Used
Boulder Company has the following information related to its operations. Use Duration Based Costing to allocate overhead across these processes.
Boulder makes three items: Hammers, Chisels, and Axes. There are two processes in creating these items: Fabrication and Finishing. The cycle times for each item are given below for Fabrication and Finishing
Hammer: 5 minutes, 6 minutes
Chisel: 10 minutes, 12 minutes
Axe: 12 minutes, 15 minutes
Boulder has practical capacity of 100,000 of each item. Boulder has total overhead costs of $3,200,000 during the period.
REQUIRED
Calculate the Cycle time for each item, the Productive Hours Capacity, and the Overhead Rate per Hour for Boulder.
If Boulder produces 90,000 Hammers, 95,000 Chisels, and 98,000 Axes, What is the unused capacity for Boulder?
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Average Cost
Beginning Inventory
3,000 Units Started
14,000 Total Physical Units
17,000 Calculation of Equivalent Units Direct Materials Conversion Units Finished
11,500 11,500 Ending Inventory
3,300 2,200 Total Equivalent Units
14,800 13,700 Tracking of Costs Direct Materials Conversion Beginning Costs
$ 1,500.00 $ 750.00 Plus: Costs Incurred in Process
$ 100,000.00 $ 200,000.00 Costs per Cost Area
$ 101,500.00 $ 200,750.00 TOTAL COST
$ 302,250.00 Calculation of Cost per Equivalent Unit
Direct Materials Conversion Total Cost per Category
$ 101,500.00 $ 200,750.00 Equivalent Units
14,800 13,700 Cost per Equivalent Unit
$ 6.8581 $ 14.6533 Costs transferred and in Process
Direct Materials Conversion TOTALS Units Finished
11,500 11,500 Cost per Unit
$ 6.8581 $ 14.6533 Costs Transferred
$ 78,868.24 $ 168,512.77 $ 247,381.02 Units Remaining (in equivalent units)
3,300 2,200 Cost per Unit
$ 6.8581 $ 14.6533 Costs Remaining
$ 22,631.76 $ 32,237.23 $ 54,868.98 TOTAL COSTS
$ 302,250.00 G
In
P
C
B
m
$
u
$
c
fi
***
Gravel Company is in the business of manufactuing stone tools. nformation for Gravels's Operations are given below. Calculate the Process Costing calculations of Physical Units, Equivalent Units, and Cost per Equivalent Unit for Materials and Conversion Costs.
Beginning Inventory is 3,000 units that are 50% complete in materials and Conversion. These units have accumulated costs of $0.50 and $0.25 in Materials and Conversion. Gravel begins 14,000 units in the period. Gravel incurs costs of $100,000 in materials and $200,000 in Conversion costs. Ending Inventory Units are 60% complete in Materials and 40% complete in Conversion. Gravel finishes 11,500 units during the period.
Average Cost
Beginning Inventory
3,000 Units Started
14,000 Total Physical Units
17,000 Calculation of Equivalent Units Direct Materials Conversion Units Finished
11,500 11,500 Ending Inventory
3,300 2,200 Total Equivalent Units
14,800 13,700 Tracking of Costs Direct Materials Conversion Beginning Costs
$ 1,500.00 $ 750.00 *** beginning costs of $
Plus: Costs Incurred in Process
$ 100,000.00 $ 200,000.00 Costs per Cost Area
$ 101,500.00 $ 200,750.00 TOTAL COST
$ 302,250.00 Calculation of Cost per Equivalent Unit
Direct Materials Conversion Total Cost per Category
$ 101,500.00 $ 200,750.00 Equivalent Units
14,800 13,700 Cost per Equivalent Unit
$ 6.8581 $ 14.6533 Costs transferred and in Process
Direct Materials Conversion TOTALS Units Finished
11,500 11,500 Cost per Unit
$ 6.8581 $ 14.6533 Costs Transferred
$ 78,868.24 $ 168,512.77 $ 247,381.02 Units Remaining (in equivalent units)
3,300 2,200 Cost per Unit
$ 6.8581 $ 14.6533 Costs Remaining
$ 22,631.76 $ 32,237.23 $ 54,868.98 TOTAL COSTS
$ 302,250.00
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$0.50 and $0.25 on 3,000 units
Gravel Company is in the business of manufactuing st
Information for Gravels's Operations are given below.
Process Costing calculations of Physical Units, Equivale
and Cost per Equivalent Unit for Materials and Conver
Beginning Inventory is 3,000 units that are 50% comp
materials and Conversion. These units have accumula
$0.50 and $0.25 in Materials and Conversion. Gravel b
units in the period. Gravel incurs costs of $100,000 in and $200,000 in Conversion costs. Ending Inventory U
complete in Materials and 40% complete in Conversio
finishes 11,500 units during the period.
tone tools. . Calculate the ent Units, rsion Costs.
plete in ated costs of begins 14,000 materials Units are 60% on. Gravel
Related Documents
Related Questions
Transferred-In Cost
Golding's finishing department had the following data for July:
Transferred-In
Materials
Conversion
Units transferred out
60,000
60,000
60,000
Units in EWIP
11,000
11,000
13,000
Equivalent units
71,000
71,000
73,000
Costs:
Work in process, July 1:
Transferred-in from fabricating
$2,100
Materials
1,500
Conversion costs
3,000
Total
$6,600
Current costs:
Transferred-in from fabricating
$30,900
Materials
22,500
Conversion costs
45,300
Total
$98,700
Required:
1. Calculate unit costs for the following categories: transferred-in, materials, and conversion. Round your answers to the nearest cent.
Unit transferred-in cost
$
Unit materials cost
$
Unit conversion cost
$
2. Calculate total unit cost. Round your answer the nearest cent.$
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Transferred-In Cost
Golding's finishing department had the following data for July:
Line Item Description
Transferred-In
Materials
Conversion
Units transferred out
60,000
60,000
60,000
Units in EWIP
15,000
15,000
9,000
Equivalent units
75,000
75,000
69,000
Costs:
Work in process, July 1:
Transferred-in from fabricating
$2,100
Materials
1,500
Conversion costs
3,000
Total
$6,600
Current costs:
Transferred-in from fabricating
$30,900
Materials
22,500
Conversion costs
45,300
Total
$98,700
Required:
1. Calculate unit costs for the following categories: transferred-in, materials, and conversion. Round your answers to the nearest cent.
Line Item Description
Cost
Unit transferred-in cost
$fill in the blank 1
Unit materials cost
$fill in the blank 2
Unit conversion cost
$fill in the blank 3
2. Calculate total unit…
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ssume the following information:
Milling Department
Materials
Conversion
Total
Cost of beginning work in process inventory
$ 10,000
$ 15,000
$ 25,000
Costs added during the period
291,600
394,500
686,100
Total cost
$ 301,600
$ 409,500
$ 711,100
Assume the equivalent units of production for materials and conversion, when using the weighted-average method, are 5,200 units and 5,000 units, respectively. If the equivalent units in ending work in process inventory for materials and conversion are 400 units and 200 units, respectively, then what is the total cost of ending work in process for the Milling Department?
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Complete this production cost report: Enter all amount as positive values. If required round "Cost per unit" answers to two decimal place.
Production Cost Report
Beginning inventory
20,000
Started during the month
74,000
Total units to account for
Completed and transferred out
70,000
Ending work in process
Total units to account for
Work in process completion percent
100%
20%
Materials Units Conversion Units Total Units
Completed and transferred out
70,000
70,000
70,000
Ending work in process
Total units to account for
Materials
Conversion
Total
Costs to account for
$4,000
$17,000
$21,000
Beginning work in process
Transferred in
35,360
59,560
24,200
Incurred during the period
$4
$4
Total costs to account for
Equivalent units
Previous
Next
%24
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Given the following information, assuming all materials are added at the beginning of the
process, calculate the total cost to be assigned to ending work in process for the period. Direct
Material Conversion Total Cost per equivalent unit $3.00 $2.50 Units completed and
transferred out 48,000 Units in work in process, ending, 70% complete 20,000 Multiple choice
question. $95,000 $359,000 $144,000 $264,000
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Golding's finishing department had the following data for July:
Transferred-In
Materials
Conversion
Units transferred out
60,000
60,000
60,000
Units in EWIP
14,000
12,000
13,000
Equivalent units
74,000
72,000
73,000
Costs:
Work in process, July 1:
Transferred-in from fabricating
$2,100
Materials
1,500
Conversion costs
3,000
Total
$6,600
Current costs:
Transferred-in from fabricating
$30,900
Materials
22,500
Conversion costs
45,300
Total
$98,700
Required:
1. Calculate unit costs for the following categories: transferred-in, materials, and conversion. Round your answers to the nearest cent.
Unit transferred-in cost
$fill in the blank 1
Unit materials cost
$fill in the blank 2
Unit conversion cost
$fill in the blank 3
2. Calculate total unit cost. Round your answer the nearest cent.
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Assume the following information:
Milling Department
Units
Percent Complete
Materials
Conversion
Beginning work in process inventory
200
40%
30%
Units started into production during March
6,200
Units completed during the period and transferred to the next department
5,800
100%
100%
Ending work in process inventory
600
70%
60%
Milling Department
Materials
Conversion
Cost of beginning work in process inventory
$ 10,000
$ 15,000
Costs added during the period
292,000
385,000
Total cost
$ 302,000
$ 400,000
Using the weighted-average method, the total cost of the units completed during the period and transferred out to the next department with respect to materials is closest to:
arrow_forward
Assume the following information:
Milling Department
Units
Percent Complete
Materials
Conversion
Beginning work in process inventory
200
40%
30%
Units started into production during March
6,200
Units completed during the period and transferred to the next department
5,800
100%
100%
Ending work in process inventory
600
70%
60%
Milling Department
Materials
Conversion
Cost of beginning work in process inventory
$ 10,000
$ 15,000
Costs added during the period
292,000
385,000
Total cost
$ 302,000
$ 400,000
Using the weighted-average method, the total cost of the ending work in process inventory with respect to materials is closest
arrow_forward
Assume the following information:
Milling Department
Units
Percent Complete
Materials
Conversion
Beginning work in process inventory
200
40%
30%
Units started into production during March
6,200
Units completed during the period and transferred to the next department
5,800
100%
100%
Ending work in process inventory
600
70%
60%
Milling Department
Materials
Conversion
Cost of beginning work in process inventory
$ 10,000
$ 15,000
Costs added during the period
284,000
385,000
Total cost
$ 294,000
$ 400,000
Using the weighted-average method, the cost per equivalent unit for materials is closest to
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give answer
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Given the following information, calculate the direct materials equivalent units for the period (assume all materials are added at the beginning of the process): % Complete as to Conversion costs Beginning work in process 15,000 units 25% Ending work in process 20,000 units 70% Units started during the period 53,000 units Units completed and transferred out 48,000 units Multiple choice question.
A. 62,000
B. 50,000
C. 68,000
D. 42,000
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What is the cost of the units transferred out?
(Use rounded cost per equivalent unit.)
Units completed and transferred out:
Units transferred to the next
12,600
12,600
department
Cost per equivalent unit
$13.50
$89.60
Cost of units transferred out
$170,100 $1,128,930 $1,299,030
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Assume the following information:
Materials
$ 10,000
291,600
$301,600
Conversion
$15,000
387,000
$ 402,000
Milling Department
Total
Cost of beginning work in process inventory
Costs added during the period
$ 25,000
678,600
$703,600
Total cost
ts
00:13:14
Assume the equivalent units of production for materials and conversion, when using the weighted-average method, are 5,200 units and 5,000 units,
respectively. If the equivalent units in ending work in process inventory for materials and conversion are 400 units and 200 units, respectively, then
what is the total cost of ending work in process for the Milling Department?
Multiple Choice
$29,280
$59,280
$49.280
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I need correct
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give the answer
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Cost per Equivalent Unit
The cost of direct materials transferred into the Rolling Department of Oak Ridge Steel Company is $462,800. The conversion cost for the period in the Rolling Department is $286,700. The total equivalent units for direct materials and conversion are 2,600 tons and 4,700 tons, respectively.
Determine the direct materials and conversion costs per equivalent unit.
Direct materials cost per equivalent unit:
$fill in the blank 1 per ton
Conversion cost per equivalent unit:
$fill in the blank 2 per ton
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Cost per Equivalent Unit
The cost of direct materials transferred into the Rolling Department of Kraus Company is $459,000. The conversion cost for the period in the Rolling Department is $303,800. The total equivalent units for direct materials and conversion are 2,700 tons and 4,900 tons, respectively.
Determine the direct materials and conversion costs per equivalent unit.
Direct materials cost per equivalent unit:
$fill in the blank 1 per ton
Conversion cost per equivalent unit:
$fill in the blank 2 per ton
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Assume the following information pertaining to Star Company:
Prime costs
$ 195,000
Conversion costs
221,000
Direct materials used
85,000
Beginning work in process
Ending work in process
98,000
81,000
Direct labor used is calculated to be:
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need help this questions
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Please do fast
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Assume the following information:
Milling Department
Units
Beginning work in process inventory
200
40%
Percent Complete
Materials
Conversion
30%
Units started into production during March
6,200
Units completed during the period and transferred to the
next department
Ending work in process inventory
5,800
600
100%
70%
100%
60%
Milling Department
Cost of beginning work in process inventory
Costs added during the period
Total cost
Materials
$ 10,000
296,000
$ 306,000
Conversion
$ 15,000
385,000
$ 400,000
Using the weighted-average method, the total cost of the ending work in process inventory with respect to materials is closest to:
Multiple Choice
о
О
$22,162.
$21,162.
$21,862.
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Assume the following information:
Milling Department
Cost of beginning work in process inventory
Costs added during the period
Total cost
Materials
$ 10,000
291,600
$ 301,600
Conversion
$ 15,000
385,000
$ 400,000
Total
$ 25,000
676,600
$ 701,600
Assume the equivalent units of production for materials and conversion are 5,200 units and 5,000 units, respectively, using the weighted-ave
method. If 4,610 units were completed and transferred to the next department, then what is the total cost assigned to the units completed am
forred out of the Milling Department?
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Related Questions
- Transferred-In Cost Golding's finishing department had the following data for July: Transferred-In Materials Conversion Units transferred out 60,000 60,000 60,000 Units in EWIP 11,000 11,000 13,000 Equivalent units 71,000 71,000 73,000 Costs: Work in process, July 1: Transferred-in from fabricating $2,100 Materials 1,500 Conversion costs 3,000 Total $6,600 Current costs: Transferred-in from fabricating $30,900 Materials 22,500 Conversion costs 45,300 Total $98,700 Required: 1. Calculate unit costs for the following categories: transferred-in, materials, and conversion. Round your answers to the nearest cent. Unit transferred-in cost $ Unit materials cost $ Unit conversion cost $ 2. Calculate total unit cost. Round your answer the nearest cent.$arrow_forwardTransferred-In Cost Golding's finishing department had the following data for July: Line Item Description Transferred-In Materials Conversion Units transferred out 60,000 60,000 60,000 Units in EWIP 15,000 15,000 9,000 Equivalent units 75,000 75,000 69,000 Costs: Work in process, July 1: Transferred-in from fabricating $2,100 Materials 1,500 Conversion costs 3,000 Total $6,600 Current costs: Transferred-in from fabricating $30,900 Materials 22,500 Conversion costs 45,300 Total $98,700 Required: 1. Calculate unit costs for the following categories: transferred-in, materials, and conversion. Round your answers to the nearest cent. Line Item Description Cost Unit transferred-in cost $fill in the blank 1 Unit materials cost $fill in the blank 2 Unit conversion cost $fill in the blank 3 2. Calculate total unit…arrow_forwardssume the following information: Milling Department Materials Conversion Total Cost of beginning work in process inventory $ 10,000 $ 15,000 $ 25,000 Costs added during the period 291,600 394,500 686,100 Total cost $ 301,600 $ 409,500 $ 711,100 Assume the equivalent units of production for materials and conversion, when using the weighted-average method, are 5,200 units and 5,000 units, respectively. If the equivalent units in ending work in process inventory for materials and conversion are 400 units and 200 units, respectively, then what is the total cost of ending work in process for the Milling Department?arrow_forward
- Complete this production cost report: Enter all amount as positive values. If required round "Cost per unit" answers to two decimal place. Production Cost Report Beginning inventory 20,000 Started during the month 74,000 Total units to account for Completed and transferred out 70,000 Ending work in process Total units to account for Work in process completion percent 100% 20% Materials Units Conversion Units Total Units Completed and transferred out 70,000 70,000 70,000 Ending work in process Total units to account for Materials Conversion Total Costs to account for $4,000 $17,000 $21,000 Beginning work in process Transferred in 35,360 59,560 24,200 Incurred during the period $4 $4 Total costs to account for Equivalent units Previous Next %24arrow_forwardGiven the following information, assuming all materials are added at the beginning of the process, calculate the total cost to be assigned to ending work in process for the period. Direct Material Conversion Total Cost per equivalent unit $3.00 $2.50 Units completed and transferred out 48,000 Units in work in process, ending, 70% complete 20,000 Multiple choice question. $95,000 $359,000 $144,000 $264,000arrow_forwardGolding's finishing department had the following data for July: Transferred-In Materials Conversion Units transferred out 60,000 60,000 60,000 Units in EWIP 14,000 12,000 13,000 Equivalent units 74,000 72,000 73,000 Costs: Work in process, July 1: Transferred-in from fabricating $2,100 Materials 1,500 Conversion costs 3,000 Total $6,600 Current costs: Transferred-in from fabricating $30,900 Materials 22,500 Conversion costs 45,300 Total $98,700 Required: 1. Calculate unit costs for the following categories: transferred-in, materials, and conversion. Round your answers to the nearest cent. Unit transferred-in cost $fill in the blank 1 Unit materials cost $fill in the blank 2 Unit conversion cost $fill in the blank 3 2. Calculate total unit cost. Round your answer the nearest cent.arrow_forward
- Assume the following information: Milling Department Units Percent Complete Materials Conversion Beginning work in process inventory 200 40% 30% Units started into production during March 6,200 Units completed during the period and transferred to the next department 5,800 100% 100% Ending work in process inventory 600 70% 60% Milling Department Materials Conversion Cost of beginning work in process inventory $ 10,000 $ 15,000 Costs added during the period 292,000 385,000 Total cost $ 302,000 $ 400,000 Using the weighted-average method, the total cost of the units completed during the period and transferred out to the next department with respect to materials is closest to:arrow_forwardAssume the following information: Milling Department Units Percent Complete Materials Conversion Beginning work in process inventory 200 40% 30% Units started into production during March 6,200 Units completed during the period and transferred to the next department 5,800 100% 100% Ending work in process inventory 600 70% 60% Milling Department Materials Conversion Cost of beginning work in process inventory $ 10,000 $ 15,000 Costs added during the period 292,000 385,000 Total cost $ 302,000 $ 400,000 Using the weighted-average method, the total cost of the ending work in process inventory with respect to materials is closestarrow_forwardAssume the following information: Milling Department Units Percent Complete Materials Conversion Beginning work in process inventory 200 40% 30% Units started into production during March 6,200 Units completed during the period and transferred to the next department 5,800 100% 100% Ending work in process inventory 600 70% 60% Milling Department Materials Conversion Cost of beginning work in process inventory $ 10,000 $ 15,000 Costs added during the period 284,000 385,000 Total cost $ 294,000 $ 400,000 Using the weighted-average method, the cost per equivalent unit for materials is closest toarrow_forward
- give answerarrow_forwardGiven the following information, calculate the direct materials equivalent units for the period (assume all materials are added at the beginning of the process): % Complete as to Conversion costs Beginning work in process 15,000 units 25% Ending work in process 20,000 units 70% Units started during the period 53,000 units Units completed and transferred out 48,000 units Multiple choice question. A. 62,000 B. 50,000 C. 68,000 D. 42,000arrow_forwardWhat is the cost of the units transferred out? (Use rounded cost per equivalent unit.) Units completed and transferred out: Units transferred to the next 12,600 12,600 department Cost per equivalent unit $13.50 $89.60 Cost of units transferred out $170,100 $1,128,930 $1,299,030arrow_forward
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