Beginning inventory (30% complete as to Material B and 60% complete for conversion) 700 units Started this cycle 2,000 units Ending inventory (50% complete as to Material B and 80% complete for conversion) 500 units Beginning inventory costs: Material A $14,270 Material B 5,950 Conversion 5,640 Current Period costs: Material A $40,000 Material B 70,000 Conversion 98,100 Material A is added at the start of production, while Material B is added uniformly throughout the process. Refer to Campbell Corporation. Assuming a FIFO method of process costing, compute the average cost per EUP for Material A and B.
Beginning inventory (30% complete as to Material B and 60% complete for conversion) 700 units Started this cycle 2,000 units Ending inventory (50% complete as to Material B and 80% complete for conversion) 500 units Beginning inventory costs: Material A $14,270 Material B 5,950 Conversion 5,640 Current Period costs: Material A $40,000 Material B 70,000 Conversion 98,100 Material A is added at the start of production, while Material B is added uniformly throughout the process. Refer to Campbell Corporation. Assuming a FIFO method of process costing, compute the average cost per EUP for Material A and B.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Campbell Corporation
| Beginning inventory (30% complete as to | ||
| Material B and 60% complete for conversion) | 700 | units |
| Started this cycle | 2,000 | units |
| Ending inventory (50% complete as | ||
| to Material B and 80% complete for conversion) | 500 | units |
| Beginning inventory costs: | ||
| Material A | $14,270 | |
| Material B | 5,950 | |
| Conversion | 5,640 | |
| Current Period costs: | ||
| Material A | $40,000 | |
| Material B | 70,000 | |
| Conversion | 98,100 |
Material A is added at the start of production, while Material B is added uniformly throughout the process.
Refer to Campbell Corporation. Assuming a FIFO method of
Select one:
a. $31.00
b. $31.25
c. $20.00
d. $20.10
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