Use the following data for Question 5 and 6 Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses process costing, appear below: Materials Conversion Equivalent units in ending work in | process inventory Cost per equivalent unit 2,100 870 $14.96 $5.53 A total of 22,000 units were completed and transferred to the next processing department during the period. Compute the cost of the units completed and transferred out in terms of conversion. $329,120 $450,780 $22,000 O $121,660 6 2 points Compute the cost of ending work in process inventory in total. O $31,416 O $4,811 O $36,227 O $38,000
Use the following data for Question 5 and 6 Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses process costing, appear below: Materials Conversion Equivalent units in ending work in | process inventory Cost per equivalent unit 2,100 870 $14.96 $5.53 A total of 22,000 units were completed and transferred to the next processing department during the period. Compute the cost of the units completed and transferred out in terms of conversion. $329,120 $450,780 $22,000 O $121,660 6 2 points Compute the cost of ending work in process inventory in total. O $31,416 O $4,811 O $36,227 O $38,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Use the following data for Question 5 and 6
Data concerning a recent period's activity in the Prep Department, the first processing
department in a company that uses process costing, appear below:
Materials
Conversion
Equivalent units in ending work in
process inventory
Cost per equivalent unit
2,100
870
$14.96
$5.53
A total of 22,000 units were completed and transferred to the next processing department
during the period.
Compute the cost of the units completed and transferred out in terms of conversion.
O $329,120
O $450,780
O $22,000
O $121,660
6
2 points
Compute the cost of ending work in process inventory in total.
O $31,416
O $4,811
O $36,227
$38,000
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