Anser please Q-1The following data were provided by Boze Co.BWIPUnits Percent complete conversion10075%Units started 10,000EWIP15040%Assuming the LIFO method is used, what was the EUP for conversion cost?a. 10,250b. 10,040c. 9,935d. 9,910Q-2Department for May, together with data concerning production, are as follows:May 1, work in process:Materials cost, 3,000 units$8,800Conversion costs, 3,000 units, 50% completed5,700Materials added during May, 10,000 units25,600Conversion costs during May31,900Goods finished during May, 11,500 units0May 31 work in process, 1,500 units, 50% completed 0All direct materials are placed in the process at the beginning, and the first-in, first-out method is used to cost inventories. Thematerials cost per equivalent unit for May is:a. $3.19b. $2.23c. $2.56d. $4.07

Answers to Boze Co. Questions:Q-1: EUP for Conversion Cost (LIFO Method)d. 9,910Here's how we…

Answered: Q-1 The following data were provided by…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter6: Process Costing

Section: Chapter Questions

Problem 32P: Refer to the data in Problem 6.31. Assume that the FIFO method is used. Required: 1. Prepare a...

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If 500 units were one-fourth completed at May 31, 5,500 units were completed during May, and the first-in, first-out method is used, what was the number of equivalent units of production with respect to conversion costs for May? a. 4,875 b. 4,500 c. 5,625 d. 5,500 2. What is the conversion cost per equivalent unit? a. $10 b. $25 c. $32 d. $15
Cost Information and FIFO Gunnison Company had the following equivalent units schedule and cost information for its Sewing Department for the month of December: Direct Materials Conversion Costs Units started and completed 43,000 43,000 Add: Units in beginning work in process x Percentage complete: 4,000 x 0% direct materials 4,000 x 50% conversion Costs 2,000 Add: Units in ending work in process x Percentage complete: 14,000 x 100% direct materials 14,000 14,000 x 35% conversion Costs Equivalent units of outpu 4,900 57,000 49,900 Costs: Work in process, December 1: Direct Material $20,000 Conversion Costs 12,000 Total work in process $32,000 Current costs: Direct Material $342,000
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1. Information for the month of January concerning Department A, the first stage of Angeles Company's production cycle, is as follows: Materials P 8,000 40,000 P 48,000 100,000 P0.48 Conversion BWIP Current Costs Total Costs P 6,000 32,000 P 38,000 95,000 P 0.40 EUP using weighted average method Average unit costs Goods completed -90,000 units 10,000 units --- EWIP ---- Materials are added at the beginning of the process. The ending WIP is 50% complete as to conversion costs. a. How would the total costs accounted for be distributed to GOODS COMPLETED, using the weighted average method? b. How woluld the total costs accounted for be distributed to ENDING WIP, using the weighted average method?
Part B: Assuming Wildhorse uses the FIFO method of process costing, complete Step 4 to determine its cost per equivalent unit for both DM and conversion costs. (Round cost per equivalent unit answers to 2 decimal places, e.g. 15.25.) DM Conversion Costs Total equivalent units of work done this period (FIFO) 29,000 26,000 STEP 4 Calculate Cost Per Equivalent Unit DM Conversion Cost select an item Correct answer $enter a dollar amount Correct answer $enter a dollar amount Correct answer select an item Correct answer enter a number of unitsCorrect answer enter a number of unitsCorrect answer select a closing name Correct answer $enter a dollar amount rounded to 2 decimal places $enter a dollar amount rounded to 2…
A production department reports the following conversion costs. Equivalent units of production for conversion total 357,000 for this period. Calculate the cost per equivalent unit of production for conversion. The company uses the weighted-average method. Cost of beginning work in process Costs added this period Multiple Choice о O O O O $2.90. $3.65. $0.42. $3.90. $0.75. 268,000 1,124,300
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esc 1 View Policies ! Current Attempt in Progress Sunland Company has the following production data for March 2027: no beginning work in process, units started and completed 28,200, and ending work in process 4,700 units that are 100% complete for materials and 40% complete for conversion costs. Sunland uses the FIFO method to compute equivalent units. If unit materials cost is $7 and unit conversion cost is $11, determine the costs to be assigned to the units completed and transferred out and the units in ending work in process. The total costs to be assigned are $561,180. Completed and transferred out Ending work in process eTextbook and Media Save for Later SA $ $ MacBook Pro -> C Search or type URL ! @ # $ % & 2 3 4 5 6 √ 20 7 LL F R T Y U 00 * 8 Attempts: 0 of 2 used Submit Answer O P
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Compute conversion costs given the following data: direct materials, $366,300; direct labor, $191,700; factory overhead, $208,000 and selling expenses, $48,200. Oa. $574,300 Ob. $159,800 Oc. $399,70o Od. $766.00o > ( Previous Next 3:23 PM 53°F Sunny A 12/14/2021 a %23 2)

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