Most Brilliant Professor Mullen Company's Assembly Department has materials cost at $3 per unit and conversion cost at $6 per unit. There are 15,000 units in ending inventory, all of which are 70% complete as to conversion costs. How much are the total costs to be assigned to ending inventory? A. $63,000 B. $108,000 C. $94,500 D. $135,000

Most Brilliant Professor Mullen Company's Assembly Department has materials cost at $3 per unit and conversion cost at $6 per unit. There are 15,000 units in ending inventory, all of which are 70% complete as to conversion costs. How much are the total costs to be assigned to ending inventory? A. $63,000 B. $108,000 C. $94,500 D. $135,000

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter1: Introduction To Managerial Accounting

Section: Chapter Questions

Problem 3CMA: A firm has 100,000 in direct materials costs, 50,000 in direct labor costs, and 80,000 in overhead....

See similar textbooks

Similar questions

The following product Costs are available for Haworth Company on the production of chairs: direct materials, $15,500; direct labor, $22.000; manufacturing overhead, $16.500; selling expenses, $6,900; and administrative expenses, $15,200. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 7,750 equivalent units are produced, what is the equivalent material cost per unit? If 22,000 equivalent units are produced, what is the equivalent conversion cost per unit?
Bonita Company's Assembly Department has materials cost at $5 per unit and conversion cost at $10 per unit. There are 29500 units in ending work in process, all of which are 70% complete as to conversion costs. Materials are added at the beginning of the process. How much are total costs to be assigned to inventory? $442500. $354000. $147500. $206500.
Sheffield Company has unit costs of $6 for direct materials and $15 for conversion costs. There are 4000 units in ending Work in Process inventory that are 30% complete related to conversion costs, and fully complete related to direct materials cost. How much is the total cost assigned to the ending Work in Process inventory if the weighted-average method is used? a. $84000 b. $18000 c. $42000 d. $24000
Madison Industries has equivalent units of 8,000 for materials and for conversion costs. Total manufacturing costs are $200,000. Total materials costs are $150,000. How much is the conversion cost per unit? Group of answer choices $6.25. $2.50. $25.00. $5.00.
Get the Answer
Swifty Company's Assembly Department has materials cost at $3 per unit and conversion cost at $9 per unit. There are 29100 units in ending work in process, all of which are 60% complete as to conversion costs. Materials are added at the beginning of the process. How much are total costs to be assigned to inventory? $87300. $157140. $244440. $349200.
Please help me with show all calculation thanku
Hello Teacher Please Get Answer in Methodology of General Accounting
Rainbow, Inc. uses a process costing system. The company has only one processing department. Ending work in process inventory consists of 20,000 units carrying a cost of $46,000. These units are 40% complete with respect to materials. The equivalent cost per unit for materials and conversion costs is $2 and $3, respectively. With regard to conversion costs, what percentage of completion is the ending inventory? A. 50% B. 40% C. 60% D. 100%
please solve this question with explanation
Use this information about Carmelita Inc. to answer the question that follows. Carmelita Inc. has the following information available: Direct materials Conversion costs Costs from Beginning Inventory Costs from Current Period $2,000 6,200 $ 22,252 150,536 At the beginning of the period, there were 500 units in process that were 60% complete as to conversion costs and 100% complete as to direct materials costs. During the period, 4,500 units were started and completed. Ending inventory contained 340 units that were 30% complete as to conversion costs and 100% complete as to materials costs. Assume that the company uses the FIFO cost flow method. Round cost-per-unit figures to the nearest cent when computing total costs. The total costs transferred to Finished Goods for units started and completed were a. $161,775 b. $162,855 c. $156,960 d. $161,505
Blueberry Company reports the following information: Direct Materials $10 / unit Direct Labor $20 / unit Variable Overhead $10 / unit Fixed Overhead $160,000 for the year Units Produced $20,000 Units Sold $18,000 IF we use absorption costing - what is the product cost / unit? How much cost would be added to ending inventory for the period. IF we use variable costing - what is the product cost / unit? How much cost would be added to ending inventory for the period?