Costs assigned to Units transferred and units in ending inventory: The costs are assigned to units transferred and units in ending inventory on the basis of equivalent units in materials and conversion and cost per units assigned. The costs assigned to units transferred are calculated as under – C o s t s a s s i g n e d t o u n i t s t r a n s f e r r e d = E q u i v a l e n t u n i t s o f m a t e r i a l s X C o s t p e r e q u i v a l e n t u n i t s + E q u i v a l e n t u n i t s o f c o n v e r s i o n X C o s t p e r e q u i v a l e n t u n i t s The costs assigned to ending inventory are calculated as under – C o s t s a s s i g n e d t o ending inventory = E q u i v a l e n t u n i t s o f m a t e r i a l s X C o s t p e r e q u i v a l e n t u n i t s + E q u i v a l e n t u n i t s o f c o n v e r s i o n X C o s t p e r e q u i v a l e n t u n i t s To assign: Costs to the roasting department’s output for – 1. Units transferred out 2. Units in ending inventory (units that remain n process in the roasting department at month-end)

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Answer 1

Question

Chapter 20, Problem 22QS

To determine

Concept Introduction:

Costs assigned to Units transferred and units in ending inventory:

The costs are assigned to units transferred and units in ending inventory on the basis of equivalent units in materials and conversion and cost per units assigned.

The costs assigned to units transferred are calculated as under –

$\begin{array}{l} C o s t s a s s i g n e d t o u n i t s t r a n s f e r r e d = E q u i v a l e n t u n i t s o f m a t e r i a l s X C o s t p e r e q u i v a l e n t u n i t s \\ + E q u i v a l e n t u n i t s o f c o n v e r s i o n X C o s t p e r e q u i v a l e n t u n i t s \end{array}$

The costs assigned to ending inventory are calculated as under –

$\begin{array}{l} C o s t s a s s i g n e d t o ending inventory = E q u i v a l e n t u n i t s o f m a t e r i a l s X C o s t p e r e q u i v a l e n t u n i t s \\ + E q u i v a l e n t u n i t s o f c o n v e r s i o n X C o s t p e r e q u i v a l e n t u n i t s \end{array}$

To assign:

Costs to the roasting department’s output for –

1. Units transferred out

2. Units in ending inventory (units that remain n process in the roasting department at month-end)

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6. Which of the following is not an intangible asset?A. GoodwillB. PatentC. TrademarkD. Land

Answer 2

Question

Chapter 20, Problem 22QS

To determine

Concept Introduction:

Costs assigned to Units transferred and units in ending inventory:

The costs are assigned to units transferred and units in ending inventory on the basis of equivalent units in materials and conversion and cost per units assigned.

The costs assigned to units transferred are calculated as under –

$\begin{array}{l} C o s t s a s s i g n e d t o u n i t s t r a n s f e r r e d = E q u i v a l e n t u n i t s o f m a t e r i a l s X C o s t p e r e q u i v a l e n t u n i t s \\ + E q u i v a l e n t u n i t s o f c o n v e r s i o n X C o s t p e r e q u i v a l e n t u n i t s \end{array}$

The costs assigned to ending inventory are calculated as under –

$\begin{array}{l} C o s t s a s s i g n e d t o ending inventory = E q u i v a l e n t u n i t s o f m a t e r i a l s X C o s t p e r e q u i v a l e n t u n i t s \\ + E q u i v a l e n t u n i t s o f c o n v e r s i o n X C o s t p e r e q u i v a l e n t u n i t s \end{array}$

To assign:

Costs to the roasting department’s output for –

1. Units transferred out

2. Units in ending inventory (units that remain n process in the roasting department at month-end)

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 20, Problem 22QS

To determine

Concept Introduction:

Costs assigned to Units transferred and units in ending inventory:

The costs are assigned to units transferred and units in ending inventory on the basis of equivalent units in materials and conversion and cost per units assigned.

The costs assigned to units transferred are calculated as under –

$\begin{array}{l} C o s t s a s s i g n e d t o u n i t s t r a n s f e r r e d = E q u i v a l e n t u n i t s o f m a t e r i a l s X C o s t p e r e q u i v a l e n t u n i t s \\ + E q u i v a l e n t u n i t s o f c o n v e r s i o n X C o s t p e r e q u i v a l e n t u n i t s \end{array}$

The costs assigned to ending inventory are calculated as under –

$\begin{array}{l} C o s t s a s s i g n e d t o ending inventory = E q u i v a l e n t u n i t s o f m a t e r i a l s X C o s t p e r e q u i v a l e n t u n i t s \\ + E q u i v a l e n t u n i t s o f c o n v e r s i o n X C o s t p e r e q u i v a l e n t u n i t s \end{array}$

To assign:

Costs to the roasting department’s output for –

1. Units transferred out

2. Units in ending inventory (units that remain n process in the roasting department at month-end)

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 20, Problem 22QS

To determine

Concept Introduction:

Costs assigned to Units transferred and units in ending inventory:

The costs are assigned to units transferred and units in ending inventory on the basis of equivalent units in materials and conversion and cost per units assigned.

The costs assigned to units transferred are calculated as under –

$\begin{array}{l} C o s t s a s s i g n e d t o u n i t s t r a n s f e r r e d = E q u i v a l e n t u n i t s o f m a t e r i a l s X C o s t p e r e q u i v a l e n t u n i t s \\ + E q u i v a l e n t u n i t s o f c o n v e r s i o n X C o s t p e r e q u i v a l e n t u n i t s \end{array}$

The costs assigned to ending inventory are calculated as under –

$\begin{array}{l} C o s t s a s s i g n e d t o ending inventory = E q u i v a l e n t u n i t s o f m a t e r i a l s X C o s t p e r e q u i v a l e n t u n i t s \\ + E q u i v a l e n t u n i t s o f c o n v e r s i o n X C o s t p e r e q u i v a l e n t u n i t s \end{array}$

To assign:

Costs to the roasting department’s output for –

1. Units transferred out

2. Units in ending inventory (units that remain n process in the roasting department at month-end)

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 5

Chapter 20, Problem 22QS

To determine

Concept Introduction:

Costs assigned to Units transferred and units in ending inventory:

The costs are assigned to units transferred and units in ending inventory on the basis of equivalent units in materials and conversion and cost per units assigned.

The costs assigned to units transferred are calculated as under –

$\begin{array}{l} C o s t s a s s i g n e d t o u n i t s t r a n s f e r r e d = E q u i v a l e n t u n i t s o f m a t e r i a l s X C o s t p e r e q u i v a l e n t u n i t s \\ + E q u i v a l e n t u n i t s o f c o n v e r s i o n X C o s t p e r e q u i v a l e n t u n i t s \end{array}$

The costs assigned to ending inventory are calculated as under –

$\begin{array}{l} C o s t s a s s i g n e d t o ending inventory = E q u i v a l e n t u n i t s o f m a t e r i a l s X C o s t p e r e q u i v a l e n t u n i t s \\ + E q u i v a l e n t u n i t s o f c o n v e r s i o n X C o s t p e r e q u i v a l e n t u n i t s \end{array}$

To assign:

Costs to the roasting department’s output for –

1. Units transferred out

2. Units in ending inventory (units that remain n process in the roasting department at month-end)

Answer 6

Chapter 20, Problem 22QS

To determine

Concept Introduction:

Costs assigned to Units transferred and units in ending inventory:

The costs are assigned to units transferred and units in ending inventory on the basis of equivalent units in materials and conversion and cost per units assigned.

The costs assigned to units transferred are calculated as under –

$\begin{array}{l} C o s t s a s s i g n e d t o u n i t s t r a n s f e r r e d = E q u i v a l e n t u n i t s o f m a t e r i a l s X C o s t p e r e q u i v a l e n t u n i t s \\ + E q u i v a l e n t u n i t s o f c o n v e r s i o n X C o s t p e r e q u i v a l e n t u n i t s \end{array}$

The costs assigned to ending inventory are calculated as under –

$\begin{array}{l} C o s t s a s s i g n e d t o ending inventory = E q u i v a l e n t u n i t s o f m a t e r i a l s X C o s t p e r e q u i v a l e n t u n i t s \\ + E q u i v a l e n t u n i t s o f c o n v e r s i o n X C o s t p e r e q u i v a l e n t u n i t s \end{array}$

To assign:

Costs to the roasting department’s output for –

1. Units transferred out

2. Units in ending inventory (units that remain n process in the roasting department at month-end)

Answer 7

Chapter 20, Problem 22QS

To determine

Concept Introduction:

Costs assigned to Units transferred and units in ending inventory:

The costs are assigned to units transferred and units in ending inventory on the basis of equivalent units in materials and conversion and cost per units assigned.

The costs assigned to units transferred are calculated as under –

$\begin{array}{l} C o s t s a s s i g n e d t o u n i t s t r a n s f e r r e d = E q u i v a l e n t u n i t s o f m a t e r i a l s X C o s t p e r e q u i v a l e n t u n i t s \\ + E q u i v a l e n t u n i t s o f c o n v e r s i o n X C o s t p e r e q u i v a l e n t u n i t s \end{array}$

The costs assigned to ending inventory are calculated as under –

$\begin{array}{l} C o s t s a s s i g n e d t o ending inventory = E q u i v a l e n t u n i t s o f m a t e r i a l s X C o s t p e r e q u i v a l e n t u n i t s \\ + E q u i v a l e n t u n i t s o f c o n v e r s i o n X C o s t p e r e q u i v a l e n t u n i t s \end{array}$

To assign:

Costs to the roasting department’s output for –

1. Units transferred out

2. Units in ending inventory (units that remain n process in the roasting department at month-end)

Answer 8

Expert Solution & Answer

Answer 9

Expert Solution & Answer

Answer 10

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Answer 11

Ch. 20 - Prob. 1DQ Ch. 20 - Prob. 2DQ Ch. 20 - Prob. 3DQ Ch. 20 - Prob. 4DQ Ch. 20 - Prob. 5DQ Ch. 20 - Prob. 6DQ Ch. 20 - Prob. 7DQ Ch. 20 - Prob. 8DQ Ch. 20 - Prob. 9DQ Ch. 20 - Prob. 10DQ

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