The unit costs for a product are: Materials: $4.25 Conversion: $5.75 There are 6,500 units in ending work in process. These are 100% complete for materials and 80% complete for conversion. What is the total WIP inventory cost?
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- The following product costs are available for Stellis Company on the production of erasers: direct materials, $22,000; direct labor, $35,000; manufacturing overhead, $17,500; selling expenses, $17,600; and administrative expenses; $13,400. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 13,750 equivalent units are produced, what is the equivalent material cost per unit? If 17,500 equivalent units are produced, what is the equivalent conversion cost per unit?What are the total costs to account for if a companys beginning inventory had $23,432 in materials and $18,450 in conversion costs, and added direct material costs ($41,392), direct labor ($23,192), and manufacturing overhead ($62,500)?There were 1,500 units in ending work in process inventory that were 100% complete with regard to material and 60% complete with regard to conversion costs. Ending work in process inventory had a cost of $7,200 and a per-unit material cost of $3. What was the conversion cost per unit using the weighted-average method?
- Please provide the solution to this financial accounting question with accurate financial calculations.Ans ?? General Accounting2. There were 2,400 units in ending work in process inventory that were 100% complete with regard to material and 25% complete with regard to conversion costs. Ending work in process inventory had a cost of $9,000 and a per-unit material cost of $2. What was the conversion cost per unit using the weighted-average method? PLEASE NOTE: For units, use commas as needed (i.e. 1,234). Costs per unit are rounded to two decimal places and shown with "$" and commas as needed (i.e. $1,234.56). All other dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345). Total work in process ? Cost per material ? Cost per conversion ? Equivalent units conversion ? Cost per unit conversion ?
- Assuming a weighted average method of process costing, compute the average cost per unit for Material A. Beginning inventory (30% complete as to Material B and 60% complete for conversion) Started this cycle Ending inventory (50% complete as to Material B and 80% complete for conversion) 700 units 2,000 units 500 units Beginning inventory costs: Material A P14,270 5,950 5,640 Material B Conversion Current Period costs: Material A P40,000 70,000 98,100 Material B Conversion Material A is added at the start of production, while Material B is added uniformly throughout the process. P20.10 P20.00 P31.25 P31.00Problem 7: Cost of Production Report Helen Company uses FIFO process costing. Data are as follows: Beginning inventory 40% complete Units completed during period Ending inventory 70% complete 25,000 units 500,000 units 45,000 unitsWeighted-average costs per equivalent unit are $2.10 for direct materials and $3.05 for conversion. There are no transferred-in costs and no spoilage. What is the cost of goods completed and transferred out if 27,000 units are completed and 2,700 units are in ending inventory? Cost of Goods Completed and Transferred out: ?
- Cullumber Company has beginning work in process inventory of $154000 and total manufacturing costs of $886000. If cost of goods manufactured is $860000, what is the cost of the ending work in process inventory? ○ $180000. ○ $160000. ○ $128000. ○ $200000.BrentleyInc. has beginning work in process inventory of $150,000 and total manufacturing costs of $720,000. If the cost of goods manufactured is $800,000,what is the cost of the ending work in process inventory?Circetrax, Inc. has provided the following financial information for the year: Finished Goods Inventory: Beginning balance, in units Units produced Units sold Ending balance, in units Production costs: Variable manufacturing costs per unit Total fixed manufacturing costs What is the unit product cost for the year using absorption costing? OA. $117 630 1,400 1,500 530 $50 $42,000 W