Wildhorse Company reported the following information for the month of April: Work in Process Beginning inventory, April 1 Added to production Completed and transferred out Ending inventory, April 30 Units Work in Process Beginning inventory. April 1 Added to production 4 7,000 41,400 ? 5,000 Ending inventory was 100 % complete with respect to materials and 49% complete with respect to conversion costs. Wildhorse also reported the following cost information in April: Materials $9,440 68,000 Costs Conversion $15,878 107,000
Wildhorse Company reported the following information for the month of April: Work in Process Beginning inventory, April 1 Added to production Completed and transferred out Ending inventory, April 30 Units Work in Process Beginning inventory. April 1 Added to production 4 7,000 41,400 ? 5,000 Ending inventory was 100 % complete with respect to materials and 49% complete with respect to conversion costs. Wildhorse also reported the following cost information in April: Materials $9,440 68,000 Costs Conversion $15,878 107,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Do not give answer in image
Transcribed Image Text:Wildhorse Company reported the following information for the month of April:
Work in Process
Beginning inventory, April 1
Added to production
Completed and transferred out
Ending inventory, April 30
Units
Work in Process
Beginning inventory. April 1
Added to production
D
7,000
41,400
?
5,000
Ending inventory was 100% complete with respect to materials and 49% complete with respect to conversion costs.
Wildhorse also reported the following cost information in April:
Materials
$9,440
68,000
Costs
Conversion
$15,878
107,000
Transcribed Image Text:(a)
Your answer is correct.
What was the cost per equivalent unit for materials? (Round answer to 2 decimal places, e.g. 15.25.)
Materials cost per EU $
(b)
eTextbook and Media
1.60
What was the cost per equivalent unit for conversion? (Round answer to 2 decimal places, e.g. 15.25.)
Conversion cost per EU $
Attempts: 1 of 3 used
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 5 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education