Units Mäterialls Conversion Nork in process inventory, May 1 Work in process inventory, May 31 Materials cost in work in process inventory, May 1 Conversion cost in work in process inventory, May 1 Units started into production Units transferred to the next production department Materials cost added during May Conversion cost added during May 75, 000 55, 000 100 % 100 % 50 % 30 % $59, 400 $ 17,400 252, 000 272,000 $ 126, 990 $ 250, 905 equired: Calculate the first production department's equivalent units of production for materials and conversion for May. . Compute the first production department's cost per equivalent unit for materials and conversion for May.
Units Mäterialls Conversion Nork in process inventory, May 1 Work in process inventory, May 31 Materials cost in work in process inventory, May 1 Conversion cost in work in process inventory, May 1 Units started into production Units transferred to the next production department Materials cost added during May Conversion cost added during May 75, 000 55, 000 100 % 100 % 50 % 30 % $59, 400 $ 17,400 252, 000 272,000 $ 126, 990 $ 250, 905 equired: Calculate the first production department's equivalent units of production for materials and conversion for May. . Compute the first production department's cost per equivalent unit for materials and conversion for May.
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 15E: Costs per equivalent unit and production costs Based on the data in Exercise 17-14, determine the...
Related questions
Question
![Units
Materials
Conversion
Work in process inventory, May 1
Work in process inventory, May 31
Materials cost in work in process inventory, May 1
Conversion cost in work in process inventory, May 1
Units started into production
Units transferred to the next production department
Materials cost added during May
Conversion cost added during May
75,000
55,000
100 %
50 %
100 %
30 %
$59,400
$ 17,400
252, 000
272,000
$ 126, 990
$ 250, 905,
Required:
. Calculate the first production department's equivalent units of production for materials and conversion for May.
2. Compute the first production department's cost per equivalent unit for materials and conversion for May.
3. Compute the first production department's cost of ending work in process inventory for materials, conversion, and in total for
4. Compute the first production department's cost of the units transferred to the next production department for materials, conve
and in total for May.
Complete this question by entering your answers in the tabs below.
Required 1
Required 2
Required 3
Required 4
Compute the first production department's cost per equivalent unit for materials and conversion for May. (Round your
answers to 2 decimal places.)
Materials
Conversion
Cost per equivalent unit](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6f6b4032-4723-40f9-bafe-2ad74429fe12%2Fba22a26b-d190-49f0-a5ab-44081138dc4a%2F2xj7aa_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Units
Materials
Conversion
Work in process inventory, May 1
Work in process inventory, May 31
Materials cost in work in process inventory, May 1
Conversion cost in work in process inventory, May 1
Units started into production
Units transferred to the next production department
Materials cost added during May
Conversion cost added during May
75,000
55,000
100 %
50 %
100 %
30 %
$59,400
$ 17,400
252, 000
272,000
$ 126, 990
$ 250, 905,
Required:
. Calculate the first production department's equivalent units of production for materials and conversion for May.
2. Compute the first production department's cost per equivalent unit for materials and conversion for May.
3. Compute the first production department's cost of ending work in process inventory for materials, conversion, and in total for
4. Compute the first production department's cost of the units transferred to the next production department for materials, conve
and in total for May.
Complete this question by entering your answers in the tabs below.
Required 1
Required 2
Required 3
Required 4
Compute the first production department's cost per equivalent unit for materials and conversion for May. (Round your
answers to 2 decimal places.)
Materials
Conversion
Cost per equivalent unit
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