Units Work in Process Beginning inventory, April 1 8,000 Added to production 45,000 Completed and transferred out ? Ending inventory, April 30 5,000 T2-5 ^ Assign costs to completed units and ending Work in Process Inventory Refer to the information in T2-5. Sury also reported the following cost information in April: Costs Materials Conversion Work in Process Beginning inventory, April 1 $11,000 $ 17,160 Added to production 66,380 104,000 Questionsa.What was the cost per equivalent unit for materials? b.What was the cost per equivalent unit for conversion? c.What cost would be assigned to the units transferred out of Work in Process Inventory? d.What cost would be assigned to the ending Work in Process Inventory?
Units Work in Process Beginning inventory, April 1 8,000 Added to production 45,000 Completed and transferred out ? Ending inventory, April 30 5,000 T2-5 ^ Assign costs to completed units and ending Work in Process Inventory Refer to the information in T2-5. Sury also reported the following cost information in April: Costs Materials Conversion Work in Process Beginning inventory, April 1 $11,000 $ 17,160 Added to production 66,380 104,000 Questionsa.What was the cost per equivalent unit for materials? b.What was the cost per equivalent unit for conversion? c.What cost would be assigned to the units transferred out of Work in Process Inventory? d.What cost would be assigned to the ending Work in Process Inventory?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
|
Units
|
|
| Work in Process | |
| Beginning inventory, April 1 |
8,000
|
| Added to production |
45,000
|
| Completed and transferred out |
?
|
| Ending inventory, April 30 |
5,000
|
T2-5 ^
Assign costs to completed units and ending Work in Process Inventory Refer to the information in T2-5. Sury also reported the following cost information in April:
|
Costs
|
||
|
Materials
|
Conversion
|
|
| Work in Process | ||
| Beginning inventory, April 1 |
$11,000
|
$ 17,160
|
| Added to production |
66,380
|
104,000
|
Questions
a.What was the cost per equivalent unit for materials?
b.What was the cost per equivalent unit for conversion?
c.What cost would be assigned to the units transferred out of Work in Process Inventory?
d.What cost would be assigned to the ending Work in Process Inventory?
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