Equivalent Units of Production: Transferred In 3,100 Direct Materials Conversion Costs 3,400 2,380 Costs: Beginning WIP Added this Month Total Transferred In $ 7,300 $ 13,625 $ 20,925 Direct Materials 3,450 8,450 11,900 Conversion Costs 5,205 18,000 23,205 $ 15,955 $ 40,075 $ 56,030 Total
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- ssume the following information: Milling Department Materials Conversion Total Cost of beginning work in process inventory $ 10,000 $ 15,000 $ 25,000 Costs added during the period 291,600 394,500 686,100 Total cost $ 301,600 $ 409,500 $ 711,100 Assume the equivalent units of production for materials and conversion, when using the weighted-average method, are 5,200 units and 5,000 units, respectively. If the equivalent units in ending work in process inventory for materials and conversion are 400 units and 200 units, respectively, then what is the total cost of ending work in process for the Milling Department?Assume the following information: Materials $ 10,000 291,600 $301,600 Conversion $15,000 387,000 $ 402,000 Milling Department Total Cost of beginning work in process inventory Costs added during the period $ 25,000 678,600 $703,600 Total cost ts 00:13:14 Assume the equivalent units of production for materials and conversion, when using the weighted-average method, are 5,200 units and 5,000 units, respectively. If the equivalent units in ending work in process inventory for materials and conversion are 400 units and 200 units, respectively, then what is the total cost of ending work in process for the Milling Department? Multiple Choice $29,280 $59,280 $49.280What is the cost of the units transferred out? (Use rounded cost per equivalent unit.) Units completed and transferred out: Units transferred to the next 12,600 12,600 department Cost per equivalent unit $13.50 $89.60 Cost of units transferred out $170,100 $1,128,930 $1,299,030
- Cost Information and FIFO Gunnison Company had the following equivalent units schedule and cost information for its Sewing Department for the month of December: Direct Materials Conversion Costs Units started and completed 43,000 43,000 Add: Units in beginning work in process x Percentage complete: 4,000 x 0% direct materials 4,000 x 50% conversion Costs 2,000 Add: Units in ending work in process x Percentage complete: 14,000 x 100% direct materials 14,000 14,000 x 35% conversion Costs Equivalent units of outpu 4,900 57,000 49,900 Costs: Work in process, December 1: Direct Material $20,000 Conversion Costs 12,000 Total work in process $32,000 Current costs: Direct Material $342,000ReySd Sub: accounting
- Compute conversion costs given the following data: direct materials, $359,700; direct labor, $190,200; factory overhead, $197,100 and selling expenses, $47,700. a. $747,000 b. $149,400 c. $387,300 d. $556,800What is the equivalent units of production for materials? a. 42,000 b. 45,000 c. 48,000 d. 60,000Assume the following information: Milling Department Cost of beginning work in process inventory Costs added during the period Total cost Materials $ 10,000 295,000 $ 305,000 A Conversion $ 15,000 385,000 $ 400,000 If the equivalent units of production for materials is 6,000 units using the weighted-average method, then what is the cost per equivalent unit for materials? Total $ 25,00 680,00 $705,00
- Transferred-In Cost Golding's finishing department had the following data for July: Transferred-In Materials Conversion Units transferred out 60,000 60,000 60,000 Units in EWIP 11,000 11,000 13,000 Equivalent units 71,000 71,000 73,000 Costs: Work in process, July 1: Transferred-in from fabricating $2,100 Materials 1,500 Conversion costs 3,000 Total $6,600 Current costs: Transferred-in from fabricating $30,900 Materials 22,500 Conversion costs 45,300 Total $98,700 Required: 1. Calculate unit costs for the following categories: transferred-in, materials, and conversion. Round your answers to the nearest cent. Unit transferred-in cost $ Unit materials cost $ Unit conversion cost $ 2. Calculate total unit cost. Round your answer the nearest cent.$Compute conversion costs given the following data: direct materials, $397,000; direct labor, $192,200; factory overhead, $201,100 and selling expenses, $36,800. a.$393,300 b.$164,300 c.$790,300 d.$598,100Cost per equivalent unit this period Cost in beginning work-in-process inventory Equivalent units to complete beginning inventory Direct Materials $3.00 $24,000 0 Conversion $5.00 $29,400 2,400 Units started and completed this period 26,000 26,000 Equivalent units in completed ending inventory 12,000 4,800 Materials are added at the beginning of the production process. Conversion costs are added uniformly throughout the production process. Assuming a FIFO flow of costs, what is this company's computed total production cost transferred out during the period?