Question 5 Betty DeRose, Inc. operates two departments, the handling department and the packaging department. During April, the handling department reported the following information: work in process, April 1 units started during April work in process, April 30 % complete % complete units 61,000 DM conversion 40% 87,000 39,000 ? 24% The cost of beginning work in process and the costs added during April were as follows: DM work in process, April 1 $402,541 $200,175 $602,716 costs added during April total costs Conversion Using the weighted average method, the handling department reported the following amounts: 1) conversion units cost = $4.75 2) cost of goods completed & transferred out = $979,910 Using the FIFO method, the handling department reported the following amounts: 1) cost to complete the units in beginning work in process = $184,281 2) cost of ending work in process = $120,939 Calculate the equivalent units with respect to direct materials using the weighted average process costing method. 2 pts

Question 5 Betty DeRose, Inc. operates two departments, the handling department and the packaging department. During April, the handling department reported the following information: work in process, April 1 units started during April work in process, April 30 % complete % complete units 61,000 DM conversion 40% 87,000 39,000 ? 24% The cost of beginning work in process and the costs added during April were as follows: DM work in process, April 1 $402,541 $200,175 $602,716 costs added during April total costs Conversion Using the weighted average method, the handling department reported the following amounts: 1) conversion units cost = $4.75 2) cost of goods completed & transferred out = $979,910 Using the FIFO method, the handling department reported the following amounts: 1) cost to complete the units in beginning work in process = $184,281 2) cost of ending work in process = $120,939 Calculate the equivalent units with respect to direct materials using the weighted average process costing method. 2 pts

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 24E: Baxter Company has two processing departments: Assembly and Finishing. A predetermined overhead rate...

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The Rolling Department of Kraus Steel Company had 200 tons in beginning work in process inventory (60% complete) on October 1. During October, 3,900 tons were completed. The ending work in process inventory on October 31 was 300 tons (25% complete). What are the total equivalent units for direct materials for October if materials are added at the beginning of the process?
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