Cost data for September WIP account: Beginning WIP cost O Material ● ● O Conversion Material added in Sep Labor added Sep Overhead added in Sep $14,000 $16,500 $42,600 $55,800 $49,700 Answer the following questions based on the data above: 1. Compute the Equivalent Units of Production for Material 2. Compute the Equivalent Units of Production for Conversion 3. Compute Material Cost per unit (round to 2 decimals) 4. Compute Conversion Cost per unit (round to 2 decimals) 5. Compute the total cost of completed and transferred units for September 6. Compute the September Ending Inventory for Material cost 7. Compute the September Ending Inventory for Conversion cost

Cost data for September WIP account: Beginning WIP cost O Material ● ● O Conversion Material added in Sep Labor added Sep Overhead added in Sep $14,000 $16,500 $42,600 $55,800 $49,700 Answer the following questions based on the data above: 1. Compute the Equivalent Units of Production for Material 2. Compute the Equivalent Units of Production for Conversion 3. Compute Material Cost per unit (round to 2 decimals) 4. Compute Conversion Cost per unit (round to 2 decimals) 5. Compute the total cost of completed and transferred units for September 6. Compute the September Ending Inventory for Material cost 7. Compute the September Ending Inventory for Conversion cost

Name: Production data for the month of September was:13,400 units Completed
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: Production data for the month of September was:13,400 units Completed and Transferred out4,800 partially complete units in Ending Inventory, which were 70% complete as toconversion and 100% complete as to material Cost data for September WIP account:

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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Equivalent Units of Materials Cost The Rolling Department of Kraus Steel Company had 3,000 tons in beginning work in process inventory (80% complete) on October 1. During October, 50,100 tons were completed. The ending work in process inventory on October 31 was 2,500 tons (80% complete). What are the total equivalent units for direct materials for October if materials are added at the beginning of the process?
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