Samantha's Office Supplies manufactures desk organizers in its Processing Department. Direct materials are included at the inception of the production cycle and must be bundled in single kits for each unit. Conversior incurred eveniy throughout the production cycle. Inspection takes place as units are placed into production, After inspection, some units are spoiled due to undetectable material defects. Spoiled units generally constitute good units. Data provided for February 2020 are as follows: 51,300 units WIP, beginning inventory 2/1/2020 Direct materials (100% complete) Conversion costs (50% complete) 170,700 units Started during February Completed and transferred out 180,700 units 26.500 units WIP, ending inventory 2/28/2020 Direct materials (100% complete) Conversion costs (30% complete) Costs: WIP, beginning inventory Direct materials Conversion costs $280,000 80,800 408,800 264 800 Direct materials added Conversion costs added What are the direct matenial and conversion costs of all the units that were initially in the beginning work - in - process inventory and were subsequently shipped? Take into account the costs related to the completion of the conversion of the units during the month. Use the FIFO method of process costing. (Round any cost per unit calculations to the nearest cent.)
Samantha's Office Supplies manufactures desk organizers in its Processing Department. Direct materials are included at the inception of the production cycle and must be bundled in single kits for each unit. Conversior incurred eveniy throughout the production cycle. Inspection takes place as units are placed into production, After inspection, some units are spoiled due to undetectable material defects. Spoiled units generally constitute good units. Data provided for February 2020 are as follows: 51,300 units WIP, beginning inventory 2/1/2020 Direct materials (100% complete) Conversion costs (50% complete) 170,700 units Started during February Completed and transferred out 180,700 units 26.500 units WIP, ending inventory 2/28/2020 Direct materials (100% complete) Conversion costs (30% complete) Costs: WIP, beginning inventory Direct materials Conversion costs $280,000 80,800 408,800 264 800 Direct materials added Conversion costs added What are the direct matenial and conversion costs of all the units that were initially in the beginning work - in - process inventory and were subsequently shipped? Take into account the costs related to the completion of the conversion of the units during the month. Use the FIFO method of process costing. (Round any cost per unit calculations to the nearest cent.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Samantha's Office Supplies manufactures desk organizers in its Processing Department. Direct materials are included at the inception of the production cycle and must be bundled in single kits for each unit. Conversion c
incurred evenly throughout the production cycle. Inspection takes place as units are placed into production. After inspection, some units are spoiled due to undetectable material defects. Spoiled units generally constitute
good units. Data provided for February 2020 are as follows:
WIP, beginning inventory 2/1/2020
Direct materials (100% complete)
Conversion costs (50% complete)
51,300 units
Started during February
Completed and transferred out
170,700 units
180,700 units
WIP, ending inventory 2/28/2020
Direct materials (100% complete)
Conversion costs (30% complete)
26,500 units
Costs:
WIP, beginning inventory:
Direct materials
$280,000
Conversion costs
80,800
408,800
264,800
Direct materials added
Conversion costs added
What are the direct material and conversion costs of all the units that were initially in the beginning work
conversion of the units during the month. Use the FIFO method of process costing. (Round any cost per unit calculations to the nearest cent.)
- in - process inventory and were subsequently shipped? Take into account the costs related to the completion of the
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