Exercise 4-4 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 800 $ 4.43 Equivalent units in ending work in process inventory Cost per equivalent unit 2,000 $ 13.86 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. Materials Conversion Total Cost of ending work in process inventory 1. 2. Cost of units transferred out
Exercise 4-4 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 800 $ 4.43 Equivalent units in ending work in process inventory Cost per equivalent unit 2,000 $ 13.86 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. Materials Conversion Total Cost of ending work in process inventory 1. 2. Cost of units transferred out
Chapter1: Financial Statements And Business Decisions
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![Exercise 4-4 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
800
$ 4.43
Equivalent units in ending work in process inventory
Cost per equivalent unit
2,000
$ 13.86
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.
Materials
Conversion
Total
Cost of ending work in process inventory
1.
2. Cost of units transferred out](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8aeb4c9c-8d33-4b47-954d-a4d3ce02aa40%2Fc6d0ba6d-d603-4336-8294-54227ec4cb69%2Fr6hawx.png&w=3840&q=75)
Transcribed Image Text:Exercise 4-4 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
800
$ 4.43
Equivalent units in ending work in process inventory
Cost per equivalent unit
2,000
$ 13.86
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.
Materials
Conversion
Total
Cost of ending work in process inventory
1.
2. Cost of units transferred out
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