Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses proce costing, appear below: 1. Cost of ending work in process inventory 2. Cost of units transferred out Equivalent units in ending work in process inventory Cost per equivalent unit A total of 21,400 units were completed and transferred to the next processing department during the period. Required: 1. Compute the cost of ending work in process inventory for materials, conversion, and in total. 2. Compute the cost of the units completed and transferred out for materials, conversion, and in total. Note: For all requirements, round your final answers to the nearest whole dollar amount. Materials Materials 2,070 $ 15.26 Conversion $ 31,544 $ $ 326,344 $ Conversion 940 $ 6.23 Total 5,843 $ 37,387 133,612 $ 459,956

Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses proce costing, appear below: 1. Cost of ending work in process inventory 2. Cost of units transferred out Equivalent units in ending work in process inventory Cost per equivalent unit A total of 21,400 units were completed and transferred to the next processing department during the period. Required: 1. Compute the cost of ending work in process inventory for materials, conversion, and in total. 2. Compute the cost of the units completed and transferred out for materials, conversion, and in total. Note: For all requirements, round your final answers to the nearest whole dollar amount. Materials Materials 2,070 $ 15.26 Conversion $ 31,544 $ $ 326,344 $ Conversion 940 $ 6.23 Total 5,843 $ 37,387 133,612 $ 459,956

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Description: esExercise 4-4 (Algo) Assigning Costs to Units-Weighted-Average Method [LO 4-4]Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses procecosting, appear below:1. Cost of ending wor

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 12E: a. Based on the data in Exercise 17-11, determine the following: 1. Cost of beginning work in...

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Exercise 4-4 (Algo) Assigning Costs to Units—Weighted-Average Method [LO 4-4] Data concerning a recent period’s activity in the Prep Department, the first processing department in a company that uses process costing, appear below: Materials Conversion Equivalent units in ending work in process inventory 2,110 910 Cost per equivalent unit $ 15.16 $ 6.03 A total of 20,900 units were completed and transferred to the next processing department during the period. Required: 1. Compute the cost of ending work in process inventory for materials, conversion, and in total. 2. Compute the cost of the units completed and transferred out for materials, conversion, and in total.
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Exercise 4-4 (Algo) Assigning Costs to Units-Weighted-Average Method [LO 4-4] Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses process costing, appear below: Conversion 870 Equivalent units in ending work in process inventory Cost per equivalent unit $ 4.63 A total of 20,100 units were completed and transferred to the next processing department during the period. Required: 1. Compute the cost of ending work in process inventory for materials, conversion, and in total. 2. Compute the cost of the units completed and transferred out for materials, conversion, and in total. (For all requirements, round your final answers to the nearest whole dollar amount.) 1. Cost of ending work in process inventory 2. Cost of units transferred out Materials Materials 2,010 $ 14.56 Conversion Total
Exercise 4-4 (Algo) Assigning Costs to Units—Weighted-Average Method [LO 4-4] Data concerning a recent period’s activity in the Prep Department, the first processing department in a company that uses process costing, appear below: Materials Conversion Equivalent units in ending work in process inventory $2,130 $850 Cost per equivalent unit $15.66 $4.83 A total of 21,300 units were completed and transferred to the next processing department during the period. Required: 1. Compute the cost of ending work in process inventory for materials, conversion, and in total. 2. Compute the cost of the units completed and transferred out for materials, conversion, and in total. (For all requirements, round your final answers to the nearest whole dollar amount.) Materials Conversion Total 1. Cost of ending work in process inventory 2. Cost of units transferred out