Grouper Company has the following production data for May: ● Beginning work in process inventory, 0 units ● Units started, 56,800 ● Ending work in process inventory, 4,600 units that are 100% complete for materials and 60% complete for conversion costs ● Unit materials cost, $5 ● Unit conversion cost, $8 Determine the costs to be assigned to the units completed and transferred out and the number of units in ending work in process inventory Cost assigned to units completed and transferred out Cost assigned to the units in ending work in process inventory
Grouper Company has the following production data for May: ● Beginning work in process inventory, 0 units ● Units started, 56,800 ● Ending work in process inventory, 4,600 units that are 100% complete for materials and 60% complete for conversion costs ● Unit materials cost, $5 ● Unit conversion cost, $8 Determine the costs to be assigned to the units completed and transferred out and the number of units in ending work in process inventory Cost assigned to units completed and transferred out Cost assigned to the units in ending work in process inventory
Chapter5: Process Costing
Section: Chapter Questions
Problem 9EB: Production data show 15,200 units were transferred out of a stage of production and 3,500 units...
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Grouper Company has the following production data for May:
● | Beginning work in process inventory, 0 units |
● | Units started, 56,800 |
● | Ending work in process inventory, 4,600 units that are 100% complete for materials and 60% complete for conversion costs |
● | Unit materials cost, $5 |
● | Unit conversion cost, $8 |
Determine the costs to be assigned to the units completed and transferred out and the number of units in ending work in
Cost assigned to units completed and transferred out
Cost assigned to the units in ending work in process inventory
|
---|
Please solve both of the cost assigned. Thank you
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