Boston Company uses the weighted-average method in its process-costing system. Operating data for the first processing department for September appear below for the physical flow of units, and for direct materials (DM) and conversion costs (CC). % of % of completion: completion: DM Units CC Beginning WIP inventory Started into production during September Ending WIP inventory 700 60% 50% 11,760 2,000 90% 70% DM CC Beginning WIP inventory Cost added during September $4 7,425 $ 13,409 81,471 2$ 60,005 S 19 Compute the equivalent units of production for the processing department Direct materials 12,260 units 12,960 units 12,460 units 10,460 units E. None of the above. Conversion 11,860 units 12,760 units А. В. С. 13,760 units D. 10,460 units 20 Determine the cost of WIP inventory ending balance: А. $ В. $ 27,000 24,300 18,900 21,100 E. None of the above. С. $ D. $
Boston Company uses the weighted-average method in its process-costing system. Operating data for the first processing department for September appear below for the physical flow of units, and for direct materials (DM) and conversion costs (CC). % of % of completion: completion: DM Units CC Beginning WIP inventory Started into production during September Ending WIP inventory 700 60% 50% 11,760 2,000 90% 70% DM CC Beginning WIP inventory Cost added during September $4 7,425 $ 13,409 81,471 2$ 60,005 S 19 Compute the equivalent units of production for the processing department Direct materials 12,260 units 12,960 units 12,460 units 10,460 units E. None of the above. Conversion 11,860 units 12,760 units А. В. С. 13,760 units D. 10,460 units 20 Determine the cost of WIP inventory ending balance: А. $ В. $ 27,000 24,300 18,900 21,100 E. None of the above. С. $ D. $
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 23E: The following information concerns production in the Finishing Department for May. The Finishing...
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