South River Chemical manufactures a product called Zbek. Direct materials are added at the beginning of the process, and conversion activity occurs evenly throughout production. The beginning work-in-process inventory is 60% complete with respect to conversion; the ending work-in-process inventory is 20% complete. The following data pertains to May: Work in process, May 1 Units started during May Units 15,000 60,000 Units completed and transferred out 68,000 Work in process, May 31 7,000 Total Direct Materials Conversion Costs Costs: Work in process, May 1 $41,250 $16,500 Costs incurred during May $234,630 $72,000 Totals $275,880 $88,500 $24,750 $162,630 $187,380 Using the weighted-average method of process costing, the cost per equivalent unit of direct material is: a. $1.17 b. $1.18 c. $1.20 d. $1.28 e. $1.30

South River Chemical manufactures a product called Zbek. Direct materials are added at the beginning of the process, and conversion activity occurs evenly throughout production. The beginning work-in-process inventory is 60% complete with respect to conversion; the ending work-in-process inventory is 20% complete. The following data pertains to May: Work in process, May 1 Units started during May Units 15,000 60,000 Units completed and transferred out 68,000 Work in process, May 31 7,000 Total Direct Materials Conversion Costs Costs: Work in process, May 1 $41,250 $16,500 Costs incurred during May $234,630 $72,000 Totals $275,880 $88,500 $24,750 $162,630 $187,380 Using the weighted-average method of process costing, the cost per equivalent unit of direct material is: a. $1.17 b. $1.18 c. $1.20 d. $1.28 e. $1.30

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 6BE: The costs per equivalent unit of direct materials and conversion in the Rolling Department of Kraus...

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