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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 $2.55 and $0.40, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 1,800 Started and completed during the period 36,000 36,000 Transferred out of Filling (completed) 36,000 37,800 Inventory in process, end of period 2,000 800 Total units to be assigned costs 38,000 38,600 The beginning work in process inventory had a cost of $1,010. 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 production Inventory in process, ending

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 $2.55 and $0.40, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 1,800 Started and completed during the period 36,000 36,000 Transferred out of Filling (completed) 36,000 37,800 Inventory in process, end of period 2,000 800 Total units to be assigned costs 38,000 38,600 The beginning work in process inventory had a cost of $1,010. 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 production Inventory in process, ending

FINANCIAL ACCOUNTING
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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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 $2.55 and $0.40, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 1,800 Started and completed during the period 36,000 36,000 Transferred out of Filling (completed) 36,000 37,800 Inventory in process, end of period 2,000 800 Total units to be assigned costs 38,000 38,600 The beginning work in process inventory had a cost of $1,010. 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 production Inventory in process, ending $4
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 $2.55 and $0.40, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 1,800 Started and completed during the period 36,000 36,000 Transferred out of Filling (completed) 36,000 37,800 Inventory in process, end of period 2,000 800 Total units to be assigned costs 38,000 38,600 The beginning work in process inventory had a cost of $1,010. 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 production Inventory in process, ending $4
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