1. Compute the cost per equivalent unit for materials, for labor, and for overhead. 2. Compute the total cost per equivalent whole unit. EXERCISE 4-4 Applying Costs to Units-Weighted-Average Method [LO4-4] Data concèrnig a recent period's activity in the Prep Department, the first processing department in a company that uses process costing, appear below: Materials Conversion Equivalent units of production in ending work in process .. Cost per equivalent unit . . 2,000 $13.86 800 $4.43 A total of 20,100 units were completed and transferred to the next processing department during the period. tartino Required: Compute the cost of the units transferred to the next department during the period and the cost or ending work in process inventory. EXERCISE 4-5 Cost Reconciliation Report-Weighted-Average Method [L04-5] Maria Am Corporation uses a process costing system. The Baking Department is one of the pro cessing departments in its strudel manufacturing facility. In June in the Baking Department, th. cost of beginning work in process inventory was $3,570, the cost of ending work in process inven tory was $2,860, and the cost added to production was $43,120. Required:

1. Compute the cost per equivalent unit for materials, for labor, and for overhead. 2. Compute the total cost per equivalent whole unit. EXERCISE 4-4 Applying Costs to Units-Weighted-Average Method [LO4-4] Data concèrnig a recent period's activity in the Prep Department, the first processing department in a company that uses process costing, appear below: Materials Conversion Equivalent units of production in ending work in process .. Cost per equivalent unit . . 2,000 $13.86 800 $4.43 A total of 20,100 units were completed and transferred to the next processing department during the period. tartino Required: Compute the cost of the units transferred to the next department during the period and the cost or ending work in process inventory. EXERCISE 4-5 Cost Reconciliation Report-Weighted-Average Method [L04-5] Maria Am Corporation uses a process costing system. The Baking Department is one of the pro cessing departments in its strudel manufacturing facility. In June in the Baking Department, th. cost of beginning work in process inventory was $3,570, the cost of ending work in process inven tory was $2,860, and the cost added to production was $43,120. Required:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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