### Bellevue Chemicals Cost Analysis**Background:**Bellevue Chemicals began March with a work-in-process inventory valued at $256,535. This included $102,215 attributed to direct material costs and $154,320 for conversion costs. The beginning inventory comprised 24,360 units, which were 45% complete for direct materials and 65% complete for conversion costs.Throughout March, 58,540 units were transferred out, with an ending inventory of 15,800 units. The ending inventory was 70% complete for direct materials and 15% complete for conversion costs. The costs incurred during March were $969,625 for direct materials and $1,069,971 for conversion.**Tasks:**- **Task A:** Compute equivalent units for materials and conversion costs.- **Task B:** Compute the cost per equivalent unit for direct materials and conversion costs for March using the weighted-average method.**Instructions:**Input your responses using the provided tabs.**Table:**| **Cost Per Equivalent Unit** ||------------------------------|| Direct materials | [Input] || Conversion costs | [Input] |**Note:** Please round your answers to two decimal places.

Name: ### Bellevue Chemicals Cost Analysis**Background:**Bellevue Chemicals
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Description: ### Bellevue Chemicals Cost Analysis**Background:**Bellevue Chemicals began March with a work-in-process inventory valued at $256,535. This included $102,215 attributed to direct material costs and $154,320 for conversion costs. The beginning invent

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Bellevue Chemicals had beginning work-in-process inventory of $256,535 on March 1. Of this amount, $102,215 was the cost of direct materials and $154,320 was the cost of conversion. The 24,360 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, 58,540 units were transferred out and 15,800 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 $969,625 for direct materials and $1,069,971 for conversion. Required: a. Compute the equivalent units for the materials and conversion cost calculations. b. Compute the cost per equivalent unit for direct materials and for conversion costs for March using the weighted-average method.

Bellevue Chemicals had beginning work-in-process inventory of $256,535 on March 1. Of this amount, $102,215 was the cost of direct materials and $154,320 was the cost of conversion. The 24,360 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, 58,540 units were transferred out and 15,800 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 $969,625 for direct materials and $1,069,971 for conversion. Required: a. Compute the equivalent units for the materials and conversion cost calculations. b. Compute the cost per equivalent unit for direct materials and for conversion costs for March using the weighted-average method.

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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