Required information 21 3 Data 4. Beginning work in process inventory: Units in process 200 6. Completion with respect to materials 50 % 7. Completion with respect to conversion 40 % 8. Costs in the beginning work in process inventory: Materials cost 2,590 10 Conversion cost 6,184 16,500 $ 11 Units started into production during the period 12 Costs added to production during the period: 13 Materials cost $ 415,325 14 Conversion cost $ 1,266,500 15 Ending work in process inventory: 16 Units in process 100 17 Completion with respect to materials Completion with respect to conversion 50 % 18 80 % %24

Required information 21 3 Data 4. Beginning work in process inventory: Units in process 200 6. Completion with respect to materials 50 % 7. Completion with respect to conversion 40 % 8. Costs in the beginning work in process inventory: Materials cost 2,590 10 Conversion cost 6,184 16,500 $ 11 Units started into production during the period 12 Costs added to production during the period: 13 Materials cost $ 415,325 14 Conversion cost $ 1,266,500 15 Ending work in process inventory: 16 Units in process 100 17 Completion with respect to materials Completion with respect to conversion 50 % 18 80 % %24

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 9EB: Production data show 15,200 units were transferred out of a stage of production and 3,500 units...

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Question

Saved
Required information
Data
Beginning work in process inventory:
5.
Units in process
200
6.
Completion with respect to materials
50 %
7
Completion with respect to conversion
Costs in the beginning work in process inventory:
40 %
8.
6.
Materials cost
2,590
10
Conversion cost
6,184
11 Units started into production during the period
16.500
12 Costs added to production during the period:
13
Materials cost
$ 415,325
Conversion cost
$ 1,266.500
15 Ending work in process inventory:
16
Units in process
100
17
Completion with respect to materials
50 %
18
Completion with respect to conversion
80 %
%24
%24
2.
4.
1.

Ch
Required information
(C) What is the cost per equivalent unit for materials? (Round your answer to 2 decimal places.)
Cost per equivalent unit for materials
(d) What is the cost per equivalent unit for conversion? (Round your answer to 2 decimal places.)
Cost per equivalent unit for conversion
e) What is the cost of the units transferred out? (Round your cost per equivalent unit to 2 decimal places.)

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In this question method of calculation is not given ( FIFO or Weighted Average )

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