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 $243,400 on March 1. Of this amount, $102,180 was the cost of direct materials and $141,220 was the cost of conversion. The 24,060 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, 58,090 units were transferred out and 14,300 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 $844,410 for direct materials and $979,151 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 Demuines
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 $243,400 on March 1. Of this amount, $102,180 was the cost of direct materials and $141,220 was the cost of conversion. The 24,060 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, 58,090 units were transferred out and 14,300 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 $844,410 for direct materials and $979,151 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 Demuines
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Do not give answer in image formate
![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
$243,400 on March 1. Of this amount, $102,180 was the cost of
direct materials and $141,220 was the cost of conversion. The
24,060 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, 58,090 units were transferred out and 14,300
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 $844,410 for direct materials and $979,151 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
Demuines](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc176d2ba-90fa-400e-a5e9-9bf06e84331b%2Fff3e7d87-2d9c-406e-b7e9-fa35e34d845c%2Fqjrhtlc_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
$243,400 on March 1. Of this amount, $102,180 was the cost of
direct materials and $141,220 was the cost of conversion. The
24,060 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, 58,090 units were transferred out and 14,300
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 $844,410 for direct materials and $979,151 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
Demuines
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education