Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Filling Department of Eve Cosmetics Company are $2.00 and $2.30, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 1,900 Started and completed during the period 47,000 47,000 Transferred out of Filling (completed) 47,000 48,900 Inventory in process, end of period 2,000 1,200 Total units to be assigned costs 49,000 50,100 The beginning work in process inventory had a cost of $1,120. Determine the cost of completed and transferred- out production and the ending work in process inventory. If required, round to the nearest dollar. Completed and transferred-out $fill in the blank 1 production $fill in the blank 2 Inventory in process, ending

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Cost of Units Transferred Out and Ending Work in Process
The costs per equivalent unit of direct materials and
conversion in the Filling Department of Eve Cosmetics
Company are $2.00 and $2.30, respectively. The equivalent
units to be assigned costs are as follows:
Equivalent Units
Direct Materials Conversion
Inventory in process, beginning of period
1,900
Started and completed during the period
47,000
47,000
Transferred out of Filling (completed)
47,000
48,900
Inventory in process, end of period
2,000
1,200
Total units to be assigned costs
49,000
50,100
The beginning work in process inventory had a cost of
$1,120. Determine the cost of completed and transferred-
out production and the ending work in process inventory. If
required, round to the nearest dollar.
Completed and transferred-out
$fill in the blank 1
production
$fill in the blank 2
Inventory in process, ending
Transcribed Image Text:Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Filling Department of Eve Cosmetics Company are $2.00 and $2.30, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 1,900 Started and completed during the period 47,000 47,000 Transferred out of Filling (completed) 47,000 48,900 Inventory in process, end of period 2,000 1,200 Total units to be assigned costs 49,000 50,100 The beginning work in process inventory had a cost of $1,120. Determine the cost of completed and transferred- out production and the ending work in process inventory. If required, round to the nearest dollar. Completed and transferred-out $fill in the blank 1 production $fill in the blank 2 Inventory in process, ending
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