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The cost per equivalent unit of direct materials and conversion in the Bottling Department of Beverages...

  1. The cost per equivalent unit of direct materials and conversion in the Bottling Department of Beverages on Jolt Company is $0.80 and $0.20, respectively. The equivalent units to be assigned costs are as follows:

    Equivalent Units
    Direct Materials Conversion
    Inventory in process, beginning of period 0 2,650
    Started and completed during the period 55,430 55,430
    Transferred out of Bottling (completed) 55,430 58,080
    Inventory in process, end of period 3,160 2,600
    Total units to be assigned costs 58,590 60,680

    The beginning work in process inventory had a cost of $3,640. Determine the cost of completed and transferred out production and the ending work in process inventory. Round answers to nearest whole dollar.

    Completed and transferred out production $
    Inventory in process, ending $

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The answer has been presented in the supporting sheet. All the parts has been solved with detailed explanation and format. For detailed answer refer to the supporting sheet.

ekkarill92 answered 3 months ago
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