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

The cost per equivalent units of direct materials and conversion in the Bottling Department of Beverages on Jolt Company is $0.50 and $0.10, respectively. The equivalent units to be assigned costs are as follows:

	Direct Materials	Conversion
Inventory in process, beginning of period	0	3,300
Started and completed during the period	56,980	56,980
Transferred out of Bottling (completed)	56,980	60,280
Inventory in process, end of period	3,990	2,500
Total units to be assigned costs	60,970	62,780

The beginning work in process inventory had a cost of $3,330. Determine the cost of completed and transferred out production, and the ending work in process inventory.

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

Solutions

Expert Solution

ekkarill92 answered 1 year ago

Next > < Previous

Related Solutions

Compute the equivalent units for direct materials and conversion costs. 2. Compute the cost per equivalent...

Compute the equivalent units for direct materials and conversion costs. 2. Compute the cost per equivalent unit. 3. Assign the costs to units completed and transferred out and ending work in process inventory. 4. Record the journal entry for the costs transferred out of the Assembly Department to the Testing Department. 5. Post all of the transactions in the "Work in Process Inventory—Assembly" T-account. What is the ending balance? Data: Units in beginning Work in Process (WIP) inventory 120,000 units...

The costs per equivalent unit of direct materials and conversion in the Filling Department of Eve...

The costs per equivalent unit of direct materials and conversion in the Filling Department of Eve Cosmetics Company are $2.40 and $2.65, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 0 3,400 Started and completed during the period 49,000 49,000 Transferred out of Filling (completed) 49,000 52,400 Inventory in process, end of period 4,000 2,000 Total units to be assigned costs 53,000 54,400 The beginning work...

The costs per equivalent unit of direct materials and conversion in the Rolling Department of Oak...

The costs per equivalent unit of direct materials and conversion in the Rolling Department of Oak Ridge Steel Company are $0.60 and $1.20, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, July 1 0 5,100 Started and completed during July 64,000 64,000 Transferred out of Rolling (completed) 64,000 69,100 Inventory in process, July 31 4,000 1,200 Total units to be assigned costs 68,000 70,300 The beginning work in process...

The costs per equivalent unit of direct materials and conversion in the Rolling Department of Oak...

The costs per equivalent unit of direct materials and conversion in the Rolling Department of Oak Ridge Steel Company are $2.75 and $2.80, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, July 1 0 1,800 Started and completed during July 46,000 46,000 Transferred out of Rolling (completed) 46,000 47,800 Inventory in process, July 31 3,000 1,200 Total units to be assigned costs 49,000 49,000 The beginning work in process...

Compute the cost per equivalent unit for direct materials and conversion for the month.

Perrette Motor Company rebuilds automobile engines that have been damaged or are in need of extensive repair. The rebuilt engine has a 100,000-mile warranty and is purchased by auto shops, large motor pools in companies and governmental units, and some individual auto owners. The plant in Dayton, Ohio, specializes in the Ford V6 engine. Approximately 1,140 to 1,340 engines are rebuilt each month, and the costs of the plant are assigned to monthly production using weighted-average process costing. The current...

Cost per equivalent unit is kept separate for direct materials and conversion costs because A. the...

Cost per equivalent unit is kept separate for direct materials and conversion costs because A. the ending inventories were different for the two categories. B.the equivalent units were different for the two categories. C. the total manufacturing costs were different for the two categories. D. the physical units were different for the two categories. The current manufacturing costs include ( ) direct labor, ( ) direct materials, and ( ) manufacturing overhead. -estimated; estimated; applied -actual; actual; actual -estimated; actual;...

Q1: Equivalent Units of Materials Cost The Bottling Department of Rocky Springs Beverage Company had 3,000...

Q1: Equivalent Units of Materials Cost The Bottling Department of Rocky Springs Beverage Company had 3,000 ounces in beginning work in process inventory (60% complete). During the period, 49,400 ounces were completed. The ending work in process inventory was 2,500 ounces (50% complete). What are the total equivalent units for direct materials if materials are added at the beginning of the process? _ units Q2: Equivalent Units of Conversion Costs The Bottling Department of Rocky Springs Beverage Company had 4,390...

Equivalent Units of Conversion Costs The Bottling Department of Rocky Springs Beverage Company had 4,039 ounces...

Equivalent Units of Conversion Costs The Bottling Department of Rocky Springs Beverage Company had 4,039 ounces in beginning work in process inventory (80% complete). During the period, 57,700 ounces were completed. The ending work in process inventory was 2,885 ounces (30% complete). What are the total equivalent units for conversion costs? Note: Round to the nearest whole unit. units

Requirement 1. Compute the Fermenting Department's equivalent units of production for direct materials and for conversion...

Requirement 1. Compute the Fermenting Department's equivalent units of production for direct materials and for conversion costs. Complete the partial production cost report below for the Fermenting Department, showing the equivalent units of production for direct materials and for conversion costs. Requirement 2. Compute the total costs of the units (gallons) (a) completed and transferred out to the Packaging Department, and (b) in the Fermenting Department ending Work-in-Process Inventory. Complete the Production Cost Report that you began in Requirement 1...

Equivalent Units of Production (EUP)- FIFO Method Units % Materials EUP- Materials % Conversion EUP-Conversion Units...

Equivalent Units of Production (EUP)- FIFO Method Units % Materials EUP- Materials % Conversion EUP-Conversion Units to complete beginning work in process 20% 80% Units started and completed 100% 100% Units in ending work in process 85% 35% Equivalent units of production 0 Cost per Equivalent Unit of Production Materials Conversion Total costs Costs Costs ÷ Equivalent units of production EUP 0 EUP 0 Cost per equivalent unit of production (rounded to 2 decimals) 0 0 Total Costs to Account...

Subjects