Hello tutor answer these general accounting question Frick Company had no beginning inventory and adds all materials at thevery beginning of its only process. Assume 10,000 units were started, and5,000 units completed. Ending work in process is 60% complete. The costper equivalent unit of conversion is:a. $1.00 if total conversion cost is $3,000.b. $1.00 if total conversion cost is $5,000.c. $1.00 if total conversion cost is $8,000.d. $1.00 if total conversion cost is $10,000.e. None of these.

Step 1: Define Conversion CostsConversion costs are total cost exclusive of raw material costs. That…

Answered: Frick Company had no beginning…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 8EB: A production department within a company received materials of $7,000 and conversion costs of $5,000...

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A company has 100 units in ending work in process that are 40% complete after transferring out 750 Units. If the cost per unit is $5 for materials and $2.50 for conversion, what is the cost of units transferred out and in ending work in process inventory using the weighted-average method?
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A company started a new product, and in the first month started 100,000 units. The ending work in process inventory was 20,000 units that were 100% complete with materials and 75% complete with conversion costs. There were 100,000 units to account for, and the equivalent units for materials was $6 per unit while the equivalent units for conversion was $8 per unit. What is the value of the inventory transferred out, using the weighted-average inventory method?
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The packaging department began the month with 750 units that were 100% complete with regard to material and 25% complete with regard to conversion. It received 9,500 units from the processing department and ended the month with 500 units that were 100% complete with regard to materials and 75% complete with regard to conversion. With a $7 per unit material cost and a $4 per unit cost for conversion, what is the cost of the units transferred out and remaining in ending inventory?
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