correct answer please Langford Manufacturing incurs unit costs for materials and conversion at $5 and $6 per unit,respectively. The ending work in process costs for 9,000 units (100% complete as to material and80% complete as to conversion costs) amount to:A) $72,000B) $81,000C) $54,000D) $88,200

Step 1: Definition of Work in Process CostingWork in process (WIP) costing refers to the valuation…

Answered: Langford Manufacturing incurs unit…

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 5BE: The cost of direct materials transferred into the Rolling Department of Kraus Company is 3,000,000....

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A production department within a company received materials of $7,000 and conversion costs of $5,000 from the prior department. It added material of $78400 and conversion costs of $47000. The equivalent units are 5,000 for material and 4,000 for conversion. What is the unit cost for materials and conversion?
The following product costs are available for Stellis Company on the production of erasers: direct materials, $22,000; direct labor, $35,000; manufacturing overhead, $17,500; selling expenses, $17,600; and administrative expenses; $13,400. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 13,750 equivalent units are produced, what is the equivalent material cost per unit? If 17,500 equivalent units are produced, what is the equivalent conversion cost per unit?
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Langford Manufacturing incurs unit costs for materials and conversion at $5 and $6 per unit, respectively. The ending work in process costs for 9,000 units (100% complete as to material and 80% complete as to conversion costs) amount to: A) $72,000 B) $81,000 C) $54,000 D) $88,200