10 4 Breckenridge Corporation manufactures a part in a single production process in Department B. The company reports the following information about conversion costs for June: points WIP at June 1 (65% complete) Units started and costs incurred during June Units 60,000 320,000 270,000 Conversion Costs $ 132,600 939,675 ? eBook Print References Units completed and transferred to finished goods during June Work-in-process ending inventory was 45 percent complete with respect to conversion costs. Breckenridge uses FIFO for product costing. Required: a-1. Compute the equivalent units for conversion costs. a-2. Compute the cost per equivalent unit for conversion costs. a-3. What was the conversion cost of work-in-process inventory in Department B on June 30? b. What were the conversion costs per equivalent unit produced last period and this period, respectively? Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req A3 Req B What was the conversion cost of work-in-process inventory in Department B on June 30? Note: Do not round intermediate calculations. Conversion cost Individual Assignment #2 < Req A2 Req B > Saved 4 Breckenridge Corporation manufactures a part in a single production process in Department B. The company reports the following information about conversion costs for June: 10 points WIP at June 1 (65% complete) Units started and costs incurred during June Units completed and transferred to finished goods during June Units Conversion Costs 60,000 320,000 270,000 $ 132,600 939,675 ? Work-in-process ending inventory was 45 percent complete with respect to conversion costs. Breckenridge uses FIFO for product eBook costing. Required: Print a-1. Compute the equivalent units for conversion costs. a-2. Compute the cost per equivalent unit for conversion costs. a-3. What was the conversion cost of work-in-process inventory in Department B on June 30? References b. What were the conversion costs per equivalent unit produced last period and this period, respectively? Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req A3 Req B What were the conversion costs per equivalent unit produced last period and this period, respectively? Note: Round your answers to 2 decimal places. Previous period Current period Cost per Equivalent Unit 10 4 Breckenridge Corporation manufactures a part in a single production process in Department B. The company reports the following information about conversion costs for June: points WIP at June 1 (65% complete) Units started and costs incurred during June Units completed and transferred to finished goods during June Units 60,000 320,000 270,000 Conversion Costs $ 132,600 939,675 ? eBook Work-in-process ending inventory was 45 percent complete with respect to conversion costs. Breckenridge uses FIFO for product costing. Print References Required: a-1. Compute the equivalent units for conversion costs. a-2. Compute the cost per equivalent unit for conversion costs. a-3. What was the conversion cost of work-in-process inventory in Department B on June 30? b. What were the conversion costs per equivalent unit produced last period and this period, respectively? Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req A3 Req B Compute the equivalent units for conversion costs. Equivalent units Individual Assignment #2 10 < Req A1 Req A2 > Saved 4 Breckenridge Corporation manufactures a part in a single production process in Department B. The company reports the following information about conversion costs for June: points WIP at June 1 (65% complete) Units started and costs incurred during June Units completed and transferred to finished goods during June eBook Print References Units 60,000 320,000 270,000 Conversion Costs $ 132,600 939,675 ? Work-in-process ending inventory was 45 percent complete with respect to conversion costs. Breckenridge uses FIFO for product costing. Required: a-1. Compute the equivalent units for conversion costs. a-2. Compute the cost per equivalent unit for conversion costs. a-3. What was the conversion cost of work-in-process inventory in Department B on June 30? b. What were the conversion costs per equivalent unit produced last period and this period, respectively? Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req A3 Req B Compute the cost per equivalent unit for conversion costs. Note: Round your answer to 2 decimal places. Cost per equivalent unit

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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HELP ASAP $

10
4
Breckenridge Corporation manufactures a part in a single production process in Department B. The company reports the following
information about conversion costs for June:
points
WIP at June 1 (65% complete)
Units started and costs incurred during June
Units
60,000
320,000
270,000
Conversion
Costs
$ 132,600
939,675
?
eBook
Print
References
Units completed and transferred to finished goods during June
Work-in-process ending inventory was 45 percent complete with respect to conversion costs. Breckenridge uses FIFO for product
costing.
Required:
a-1. Compute the equivalent units for conversion costs.
a-2. Compute the cost per equivalent unit for conversion costs.
a-3. What was the conversion cost of work-in-process inventory in Department B on June 30?
b. What were the conversion costs per equivalent unit produced last period and this period, respectively?
Complete this question by entering your answers in the tabs below.
Req A1
Req A2
Req A3
Req B
What was the conversion cost of work-in-process inventory in Department B on June 30?
Note: Do not round intermediate calculations.
Conversion cost
Individual Assignment #2
< Req A2
Req B
>
Saved
4
Breckenridge Corporation manufactures a part in a single production process in Department B. The company reports the following
information about conversion costs for June:
10
points
WIP at June 1 (65% complete)
Units started and costs incurred during June
Units completed and transferred to finished goods during June
Units
Conversion
Costs
60,000
320,000
270,000
$ 132,600
939,675
?
Work-in-process ending inventory was 45 percent complete with respect to conversion costs. Breckenridge uses FIFO for product
eBook
costing.
Required:
Print
a-1. Compute the equivalent units for conversion costs.
a-2. Compute the cost per equivalent unit for conversion costs.
a-3. What was the conversion cost of work-in-process inventory in Department B on June 30?
References
b. What were the conversion costs per equivalent unit produced last period and this period, respectively?
Complete this question by entering your answers in the tabs below.
Req A1
Req A2
Req A3
Req B
What were the conversion costs per equivalent unit produced last period and this period, respectively?
Note: Round your answers to 2 decimal places.
Previous period
Current period
Cost per
Equivalent Unit
Transcribed Image Text:10 4 Breckenridge Corporation manufactures a part in a single production process in Department B. The company reports the following information about conversion costs for June: points WIP at June 1 (65% complete) Units started and costs incurred during June Units 60,000 320,000 270,000 Conversion Costs $ 132,600 939,675 ? eBook Print References Units completed and transferred to finished goods during June Work-in-process ending inventory was 45 percent complete with respect to conversion costs. Breckenridge uses FIFO for product costing. Required: a-1. Compute the equivalent units for conversion costs. a-2. Compute the cost per equivalent unit for conversion costs. a-3. What was the conversion cost of work-in-process inventory in Department B on June 30? b. What were the conversion costs per equivalent unit produced last period and this period, respectively? Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req A3 Req B What was the conversion cost of work-in-process inventory in Department B on June 30? Note: Do not round intermediate calculations. Conversion cost Individual Assignment #2 < Req A2 Req B > Saved 4 Breckenridge Corporation manufactures a part in a single production process in Department B. The company reports the following information about conversion costs for June: 10 points WIP at June 1 (65% complete) Units started and costs incurred during June Units completed and transferred to finished goods during June Units Conversion Costs 60,000 320,000 270,000 $ 132,600 939,675 ? Work-in-process ending inventory was 45 percent complete with respect to conversion costs. Breckenridge uses FIFO for product eBook costing. Required: Print a-1. Compute the equivalent units for conversion costs. a-2. Compute the cost per equivalent unit for conversion costs. a-3. What was the conversion cost of work-in-process inventory in Department B on June 30? References b. What were the conversion costs per equivalent unit produced last period and this period, respectively? Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req A3 Req B What were the conversion costs per equivalent unit produced last period and this period, respectively? Note: Round your answers to 2 decimal places. Previous period Current period Cost per Equivalent Unit
10
4
Breckenridge Corporation manufactures a part in a single production process in Department B. The company reports the following
information about conversion costs for June:
points
WIP at June 1 (65% complete)
Units started and costs incurred during June
Units completed and transferred to finished goods during June
Units
60,000
320,000
270,000
Conversion
Costs
$ 132,600
939,675
?
eBook
Work-in-process ending inventory was 45 percent complete with respect to conversion costs. Breckenridge uses FIFO for product
costing.
Print
References
Required:
a-1. Compute the equivalent units for conversion costs.
a-2. Compute the cost per equivalent unit for conversion costs.
a-3. What was the conversion cost of work-in-process inventory in Department B on June 30?
b. What were the conversion costs per equivalent unit produced last period and this period, respectively?
Complete this question by entering your answers in the tabs below.
Req A1
Req A2
Req A3
Req B
Compute the equivalent units for conversion costs.
Equivalent units
Individual Assignment #2
10
<
Req A1
Req A2 >
Saved
4
Breckenridge Corporation manufactures a part in a single production process in Department B. The company reports the following
information about conversion costs for June:
points
WIP at June 1 (65% complete)
Units started and costs incurred during June
Units completed and transferred to finished goods during June
eBook
Print
References
Units
60,000
320,000
270,000
Conversion
Costs
$ 132,600
939,675
?
Work-in-process ending inventory was 45 percent complete with respect to conversion costs. Breckenridge uses FIFO for product
costing.
Required:
a-1. Compute the equivalent units for conversion costs.
a-2. Compute the cost per equivalent unit for conversion costs.
a-3. What was the conversion cost of work-in-process inventory in Department B on June 30?
b. What were the conversion costs per equivalent unit produced last period and this period, respectively?
Complete this question by entering your answers in the tabs below.
Req A1
Req A2
Req A3
Req B
Compute the cost per equivalent unit for conversion costs.
Note: Round your answer to 2 decimal places.
Cost per equivalent unit
Transcribed Image Text:10 4 Breckenridge Corporation manufactures a part in a single production process in Department B. The company reports the following information about conversion costs for June: points WIP at June 1 (65% complete) Units started and costs incurred during June Units completed and transferred to finished goods during June Units 60,000 320,000 270,000 Conversion Costs $ 132,600 939,675 ? eBook Work-in-process ending inventory was 45 percent complete with respect to conversion costs. Breckenridge uses FIFO for product costing. Print References Required: a-1. Compute the equivalent units for conversion costs. a-2. Compute the cost per equivalent unit for conversion costs. a-3. What was the conversion cost of work-in-process inventory in Department B on June 30? b. What were the conversion costs per equivalent unit produced last period and this period, respectively? Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req A3 Req B Compute the equivalent units for conversion costs. Equivalent units Individual Assignment #2 10 < Req A1 Req A2 > Saved 4 Breckenridge Corporation manufactures a part in a single production process in Department B. The company reports the following information about conversion costs for June: points WIP at June 1 (65% complete) Units started and costs incurred during June Units completed and transferred to finished goods during June eBook Print References Units 60,000 320,000 270,000 Conversion Costs $ 132,600 939,675 ? Work-in-process ending inventory was 45 percent complete with respect to conversion costs. Breckenridge uses FIFO for product costing. Required: a-1. Compute the equivalent units for conversion costs. a-2. Compute the cost per equivalent unit for conversion costs. a-3. What was the conversion cost of work-in-process inventory in Department B on June 30? b. What were the conversion costs per equivalent unit produced last period and this period, respectively? Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req A3 Req B Compute the cost per equivalent unit for conversion costs. Note: Round your answer to 2 decimal places. Cost per equivalent unit
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