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....

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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?
Chicotti cocoa ...accounting questions
For the Assembly Department, unit materials cost is $8 and unit conversion cost is $12. If there are 10,000 units in ending work in process 75% complete as to conversion costs, the costs to be assigned to the inventory are a. S170,000 b. $180,000 c. S150,000 d. S200,000
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FIFO
Carmelita, Inc., has the following information available: Direct materials Conversion costs Costs from Beginning Inventory Costs from Current Period $4,300 5,000 $23,000 151,500 At the beginning of the period, there were 600 units in process that were 40% 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 400 units that were 34% complete as to conversion costs and 100% complete as to materials costs. The company uses the FIFO process costing method. The cost of completing a unit during the current period was Oa. $35.02 Ob. $30.32 Oc. $52.51 Od. $42.02
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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
Financial Accounting problem.
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?