Vaughan Company uses a process costing system to account for unit costs. The following information is available for May: DM% CC% 10,000 units Beginning WIP Inventory (cost DM = $26,550 CC = | 70% 50% $42,750) Units started in May 80,000 units Ending WIP 5,000 units 70% 10% Direct materials added during May were $238,950 and direct labor used in May was $149,625. Vaughan Company applies FOH based on 100% of DL$. Vaughan Company uses the weighted average method of accounting for equivalent units of production. 1. The number of units transferred to the next department in May are [ Select ] 2. The equivalent units of production for direct materials in May are: [Select] 3. The cost per unit of direct materials coming out of this department in May is [ Select ] 4. The total amount of dollars transferred from this department to the next department during May is [ Select] 5. The dollar amount of ending WIP in the department at the end of May is [ Select ]
Vaughan Company uses a process costing system to account for unit costs. The following information is available for May: DM% CC% 10,000 units Beginning WIP Inventory (cost DM = $26,550 CC = | 70% 50% $42,750) Units started in May 80,000 units Ending WIP 5,000 units 70% 10% Direct materials added during May were $238,950 and direct labor used in May was $149,625. Vaughan Company applies FOH based on 100% of DL$. Vaughan Company uses the weighted average method of accounting for equivalent units of production. 1. The number of units transferred to the next department in May are [ Select ] 2. The equivalent units of production for direct materials in May are: [Select] 3. The cost per unit of direct materials coming out of this department in May is [ Select ] 4. The total amount of dollars transferred from this department to the next department during May is [ Select] 5. The dollar amount of ending WIP in the department at the end of May is [ Select ]
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 14E: Cost per equivalent unit The following information concerns production in the Forging Department for...
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![Vaughan Company uses a process costing system to account for unit costs. The following
information is available for May:
DM%
C%
10,000 units
Beginning WIP Inventory
(cost DM = $26,550 CC =
70%
50%
$42,750)
Units started in May
80,000 units
Ending WIP
5,000 units
70%
10%
Direct materials added during May were $238,950 and direct labor used in May was $149,625.
Vaughan Company applies FOH based on 100% of DL$. Vaughan Company uses the weighted
average method of accounting for equivalent units of production.
1. The number of units transferred to the next department in May are
[ Select]
2. The equivalent units of production for direct materials in May are: ( Select]
3. The cost per unit of direct materials coming out of this department in May is
[ Select ]
4. The total amount of dollars transferred from this department to the next department during May
is [ Select ]
5. The dollar amount of ending WIP in the department at the end of May is
[ Select ]](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F65f58403-e688-4181-957b-d92cb2a7a651%2Fa1821fa3-a1d9-46fc-a31e-9c97f0bf934e%2Fixwmv2k_processed.png&w=3840&q=75)
Transcribed Image Text:Vaughan Company uses a process costing system to account for unit costs. The following
information is available for May:
DM%
C%
10,000 units
Beginning WIP Inventory
(cost DM = $26,550 CC =
70%
50%
$42,750)
Units started in May
80,000 units
Ending WIP
5,000 units
70%
10%
Direct materials added during May were $238,950 and direct labor used in May was $149,625.
Vaughan Company applies FOH based on 100% of DL$. Vaughan Company uses the weighted
average method of accounting for equivalent units of production.
1. The number of units transferred to the next department in May are
[ Select]
2. The equivalent units of production for direct materials in May are: ( Select]
3. The cost per unit of direct materials coming out of this department in May is
[ Select ]
4. The total amount of dollars transferred from this department to the next department during May
is [ Select ]
5. The dollar amount of ending WIP in the department at the end of May is
[ Select ]
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