8-45. Compute Costs per Equivalent Unit: Weighted-Average Method (LO 8-3) Bellevue Chemicals had beginning work-in-process inventory of $239,910 on March 1. Of this amount, $101,280 was the cost of direct materials and $138,630 was the cost of conversion. The 24,000 units in the beginning inventory were 45 percent complete with respect to direct materials and 65 percent complete with respect to conversion costs. During March, 58,000 units were transferred out and 14,000 remained in ending inventory. The units in ending inventory were 70 percent complete with respect to direct materials and 15 percent complete with respect to conversion costs. Costs incurred during March amounted to $820,800 for direct materials and $961,200 for conversion. Required Compute the cost per equivalent unit for direct materials and for conversion costs for March using the weighted-average method. 8-46. Assign Costs to Goods Transferred Out and Ending Inventory: Weighted-Average Method (LO 8-2, 3) Refer to the data in Exercise 8-45. Compute the costs of goods transferred out and the ending inventory for March using the weighted- average method. Page 2 of 3

8-45. Compute Costs per Equivalent Unit: Weighted-Average Method (LO 8-3) Bellevue Chemicals had beginning work-in-process inventory of $239,910 on March 1. Of this amount, $101,280 was the cost of direct materials and $138,630 was the cost of conversion. The 24,000 units in the beginning inventory were 45 percent complete with respect to direct materials and 65 percent complete with respect to conversion costs. During March, 58,000 units were transferred out and 14,000 remained in ending inventory. The units in ending inventory were 70 percent complete with respect to direct materials and 15 percent complete with respect to conversion costs. Costs incurred during March amounted to $820,800 for direct materials and $961,200 for conversion. Required Compute the cost per equivalent unit for direct materials and for conversion costs for March using the weighted-average method. 8-46. Assign Costs to Goods Transferred Out and Ending Inventory: Weighted-Average Method (LO 8-2, 3) Refer to the data in Exercise 8-45. Compute the costs of goods transferred out and the ending inventory for March using the weighted- average method. Page 2 of 3

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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