Simply Fresh Inc. produces canned fruit through two production processes - Mixing and Canning. The company provided the following equivalent unit data for its Mixing Department: Equivalent Unit Data Accounts Direct materials Conversion costs Units completed and transferred out 75,000 EU 75,000 EU Ending WIP Inventory 25,000 EU 10,000 EU Costs per equivalent units $1.50 per EU $4.60 per EU Calculate the cost assigned to the Ending work-in-process inventory balance in the Mixing Department. Group of answer choices $37,500 $457,500 $83,500 $46,000
Simply Fresh Inc. produces canned fruit through two production processes - Mixing and Canning. The company provided the following equivalent unit data for its Mixing Department: Equivalent Unit Data Accounts Direct materials Conversion costs Units completed and transferred out 75,000 EU 75,000 EU Ending WIP Inventory 25,000 EU 10,000 EU Costs per equivalent units $1.50 per EU $4.60 per EU Calculate the cost assigned to the Ending work-in-process inventory balance in the Mixing Department. Group of answer choices $37,500 $457,500 $83,500 $46,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Simply Fresh Inc. produces canned fruit through two production processes - Mixing and Canning. The company provided the following equivalent unit data for its Mixing Department:
Equivalent Unit Data| Accounts | Direct materials | Conversion costs |
|---|---|---|
| Units completed and transferred out | 75,000 EU | 75,000 EU |
| Ending WIP Inventory | 25,000 EU | 10,000 EU |
| Costs per equivalent units | $1.50 per EU | $4.60 per EU |
Calculate the cost assigned to the Ending work-in-process inventory balance in the Mixing Department.
Group of answer choices
$37,500
$457,500
$83,500
$46,000
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