The costs per equivalent unit of direct materials and conversion in the Filling Department of Eve Cosmetics Company are $1.45 and $1.00, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 3,400 Started and completed during the period 49,000 49,000 Transferred out of Filling (completed) 49,000 52,400 Inventory in process, end of period 6,000 1,800 Total units to be assigned costs 55,000 54,200 The beginning work in process inventory had a cost of $1,870. Determine the cost of completed and transferred-out production and the ending work in process inventory. If required, round to the nearest dollar. Completed and transferred-out production Inventory in process, ending

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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The costs per equivalent unit of direct materials and conversion in the Filling Department of Eve Cosmetics Company are $1.45 and $1.00, respectively. The equivalent units to be assigned costs are as follows:
Equivalent Units
Direct Materials Conversion
Inventory in process, beginning of period
3,400
Started and completed during the period
49,000
49,000
Transferred out of Filling (completed)
49,000
52,400
Inventory in process, end of period
6,000
1,800
Total units to be assigned costs
55,000
54,200
The beginning work in process inventory had a cost of $1,870. Determine the cost of completed and transferred-out production and the ending work in process inventory. If required, round to the nearest dollar.
Completed and
sferred-out production
Inventory in process, ending
X
Transcribed Image Text:The costs per equivalent unit of direct materials and conversion in the Filling Department of Eve Cosmetics Company are $1.45 and $1.00, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 3,400 Started and completed during the period 49,000 49,000 Transferred out of Filling (completed) 49,000 52,400 Inventory in process, end of period 6,000 1,800 Total units to be assigned costs 55,000 54,200 The beginning work in process inventory had a cost of $1,870. Determine the cost of completed and transferred-out production and the ending work in process inventory. If required, round to the nearest dollar. Completed and sferred-out production Inventory in process, ending X
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