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 for the Simply Fresh, Inc. Mixing Department 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 units completed and transferred out from the Mixing Department to the Canning Department. Group of answer choices $112,500 $83,500 $345,000 $457,500
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 for the Simply Fresh, Inc. Mixing Department 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 units completed and transferred out from the Mixing Department to the Canning Department. Group of answer choices $112,500 $83,500 $345,000 $457,500
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter6: Process Costing
Section: Chapter Questions
Problem 17E: K-Briggs Company uses the FIFO method to account for the costs of production. For Crushing, the...
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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 for the Simply Fresh, Inc. Mixing Department| 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 units completed and transferred out from the Mixing Department to the Canning Department.
Group of answer choices
$112,500
$83,500
$345,000
$457,500
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