Required Information Exercise 8-45, 8-46, 8-47 & 8-48 (Algo) (LO 8-2, 3, 5) [The following information applies to the questions displayed below.] Bellevue Chemicals had beginning work-in-process Inventory of $252,125 on March 1. Of this amount, $102,200 was the cost of direct materials and $149,925 was the cost of conversion. The 24,260 units in the beginning Inventory were 45 percent complete with respect to direct materials and 65 percent complete with respect to conversion costs. During March, 58,390 units were transferred out and 15,300 remained in ending Inventory. The units in ending Inventory were 70 percent complete with respect to direct materials and 15 percent complete with respect to conversion costs. Costs incurred during March amounted to $927,390 for direct materials and $1,039,501 for conversion. Exercise 8-45 (Algo) Compute Costs per Equivalent Unit: Weighted-Average Method (LO 8-3) Required: a. Compute the equivalent units for the materials and conversion cost calculations. b. Compute the cost per equivalent unit for direct materials and for conversion costs for March using the weighted-average method. Complete this question by entering your answers in the tabs below. Required A Required B Compute the equivalent units for the materials and conversion cost calculations. Equivalent units for materials Equivalent units for conversion costs 69,190 60,775
Required Information Exercise 8-45, 8-46, 8-47 & 8-48 (Algo) (LO 8-2, 3, 5) [The following information applies to the questions displayed below.] Bellevue Chemicals had beginning work-in-process Inventory of $252,125 on March 1. Of this amount, $102,200 was the cost of direct materials and $149,925 was the cost of conversion. The 24,260 units in the beginning Inventory were 45 percent complete with respect to direct materials and 65 percent complete with respect to conversion costs. During March, 58,390 units were transferred out and 15,300 remained in ending Inventory. The units in ending Inventory were 70 percent complete with respect to direct materials and 15 percent complete with respect to conversion costs. Costs incurred during March amounted to $927,390 for direct materials and $1,039,501 for conversion. Exercise 8-45 (Algo) Compute Costs per Equivalent Unit: Weighted-Average Method (LO 8-3) Required: a. Compute the equivalent units for the materials and conversion cost calculations. b. Compute the cost per equivalent unit for direct materials and for conversion costs for March using the weighted-average method. Complete this question by entering your answers in the tabs below. Required A Required B Compute the equivalent units for the materials and conversion cost calculations. Equivalent units for materials Equivalent units for conversion costs 69,190 60,775
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
vi.2
![Required Information
Exercise 8-45, 8-46, 8-47 & 8-48 (Algo) (LO 8-2, 3, 5)
[The following information applies to the questions displayed below.]
Bellevue Chemicals had beginning work-in-process Inventory of $252,125 on March 1. Of this amount,
$102,200 was the cost of direct materials and $149,925 was the cost of conversion. The 24,260 units in
the beginning Inventory were 45 percent complete with respect to direct materials and 65 percent
complete with respect to conversion costs.
During March, 58,390 units were transferred out and 15,300 remained in ending Inventory. The units in
ending Inventory were 70 percent complete with respect to direct materials and 15 percent complete with
respect to conversion costs. Costs Incurred during March amounted to $927,390 for direct materials and
$1,039,501 for conversion.
Exercise 8-45 (Algo) Compute Costs per Equivalent Unit: Weighted-Average Method (LO 8-3)
Required:
a. Compute the equivalent units for the materials and conversion cost calculations.
b. Compute the cost per equivalent unit for direct materials and for conversion costs for March using the weighted-average
method
Complete this question by entering your answers in the tabs below.
Required A Required B
Compute the equivalent units for the materials and conversion cost calculations.
Equivalent units for materials
Equivalent units for conversion costs
69,190
60.775](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc65329ab-27f2-495f-846b-b64dddd3bf26%2Fd693b30d-a139-4ae4-9fe7-f14f0c91caa0%2F5v00jxl_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required Information
Exercise 8-45, 8-46, 8-47 & 8-48 (Algo) (LO 8-2, 3, 5)
[The following information applies to the questions displayed below.]
Bellevue Chemicals had beginning work-in-process Inventory of $252,125 on March 1. Of this amount,
$102,200 was the cost of direct materials and $149,925 was the cost of conversion. The 24,260 units in
the beginning Inventory were 45 percent complete with respect to direct materials and 65 percent
complete with respect to conversion costs.
During March, 58,390 units were transferred out and 15,300 remained in ending Inventory. The units in
ending Inventory were 70 percent complete with respect to direct materials and 15 percent complete with
respect to conversion costs. Costs Incurred during March amounted to $927,390 for direct materials and
$1,039,501 for conversion.
Exercise 8-45 (Algo) Compute Costs per Equivalent Unit: Weighted-Average Method (LO 8-3)
Required:
a. Compute the equivalent units for the materials and conversion cost calculations.
b. Compute the cost per equivalent unit for direct materials and for conversion costs for March using the weighted-average
method
Complete this question by entering your answers in the tabs below.
Required A Required B
Compute the equivalent units for the materials and conversion cost calculations.
Equivalent units for materials
Equivalent units for conversion costs
69,190
60.775
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