Direct materials are added uniformly throughout a process. Direct materials cost, BWIP $25,000 Direct materials per...

Direct materials are added uniformly throughout a process.

Direct materials cost, BWIP	$25,000
Direct materials per equivalent unit	$3.97
Completed and transferred out units	25,950

7,500 units were 35% complete with respect to direct materials in ending WIP.

Using the weighted average method, which of the following is TRUE ?


Answers:	a. Direct materials cost attributed to units completed and transferred out: $128,021.50 Direct materials cost attributed to units in ending inventory: $29,775.00
	b. Direct materials cost attributed to units completed and transferred out: $103,021.50 Direct materials cost attributed to units in ending inventory: $29,775.00
	c. Direct materials cost attributed to units completed and transferred out: $128,021.50 Direct materials cost attributed to units in ending inventory: $10,421.25
	d. Direct materials cost attributed to units completed and transferred out: $103,021.50 Direct materials cost attributed to units in ending inventory: $10,421.25

Solutions

Expert Solution


The answer is Option d.

Direct materials cost attributed to units completed and transferred out =
Direct materials cost per equivalent unit		$3.97
x Units completed and transferred out		25,950
Direct materials cost attributed to units completed and transferred out =		$103,021.50

Direct materials cost attributed to units in ending inventory
Physical units in ending Inventory		7,500
x % complete with respect to direct materials		35%
x Direct materials cost per equivalent unit		$3.97
Direct materials cost attributed to units in ending inventory		$10,421.25

ekkarill92 answered 1 year ago

Next > < Previous

Related Solutions

Materials are added at the beginning of the process and conversion costs are added uniformly. Work...

Materials are added at the beginning of the process and conversion costs are added uniformly. Work in? process, beginning: Number of units 15 comma 00015,000 Transferredminus?in costs ?$94,000 Direct materials? (100%) ?$22,500 Conversion costs? (75%) ?$25,400 Units transferredminus??in: Number of units 52 comma 50052,500 Transferredminus?in costs ?$640,500 Units completed 41 comma 00041,000 Costs during the? period: Direct materials ?$155,475 Conversion costs ?$213,225 Work in? process, ending: Number of units 26 comma 50026,500 ?(100% complete for materials and? 35% complete for?...

In the Mixing Dept., the direct materials are added at the beginning of the process and...

In the Mixing Dept., the direct materials are added at the beginning of the process and the conversion costs are incurred evenly throughout the process. Work in process of the mixing Dept. on March 1, 2018 consisted of 900 batches of crayons that were 60% of the way through the production process. The beginning balance in WIP Inventory - Mixng was $30,700 which consited of $11,500 in direct materias cost and $19,200 in conversion costs. During March, 4600 batches were...

A department adds materials at the beginning of the process and incurs conversion costs uniformly throughout...

A department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of May, there was no beginning Work in Process; 46400 units were completed and transferred out; and there were 13700 units in the ending Work in Process that were 20% complete. During May, $162270 materials costs and $98280 conversion costs were charged to the department. How much are unit production costs for materials and conversion costs for May if...

A department adds materials at the beginning of the process and incurs conversion costs uniformly throughout...

A department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of July, there was no beginning work in process; 39700 units were completed and transferred out; and there were 20000 units in the ending work in process that were 30% complete. During July, $202980 materials costs and $173660 conversion costs were charged to the department. The unit production costs for materials and conversion costs for July were Materials Conversion...

A department adds materials at the beginning of the process and incurs conversion costs uniformly throughout...

A department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of May, there was no beginning Work in Process; 45000 units were completed and transferred out; and there were 13000 units in the ending Work in Process that were 5% complete. During May, $63800 materials costs and $54780 conversion costs were charged to the department. How much are unit production costs for materials and conversion costs for May if...

At OxyCorp, direct materials are added at the beginning of the process and conversions costs are...

At OxyCorp, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include WIP beginning (55% for conversion) 13,700 units Units started 125,000 units Units completed and transferred out 116,500 units WIP ending (35% for conversion) 22,200 units Beginning WIP transfer costs $40,000 Beginning WIP direct materials $50,300 Beginning WIP conversion costs $22,500 Costs of transfer costs added $360,000 Costs of materials added $412,000 Costs of conversion added $301,000 Please calculate using...

At OxyCorp, direct materials are added at the beginning of the process and conversions costs are...

At OxyCorp, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (55% for conversion) 13,700 units Units started 125,000 units Units completed and transferred out 116,500 units WIP ending (35% for conversion) 22,200 units Beginning WIP transfer costs $40,000 Beginning WIP direct materials $50,300 Beginning WIP conversion costs $22,500 Costs of transfer costs added $360,000 Costs of materials added $412,000 Costs of conversion added $301,000 Calculate using the...

Process Costing – Packaging Department Direct materials are added 90% at the beginning of the process...

Process Costing – Packaging Department Direct materials are added 90% at the beginning of the process and the remaining 10% are added when the cereal is 50% complete with the packaging process. Direct labor and overhead are added evenly throughout the process. Table 8 – Unit and cost information Cost Physical Units Transferred-in Direct Materials Direct Labor Overhead Beg WIP 4,000 (40% complete) $14,300 $720 $347.48 $140 Transferred In 43,964 $170,361.40 End WIP 5,000 (30% complete) Added during Qtr 1:...

At Hodgson Corporation, direct materials are added at the beginning of the process and conversions costs...

At Hodgson Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: Beginning WIP direct materials $32,000 Beginning WIP conversion costs $25,250 Costs of materials added $393,100 Costs of conversion added $275,125 WIP beginning (50% for conversion) 21,200 units Units started 128,500 units Units completed and transferred out 105,700 units WIP ending (60% for conversion) 44,000 units What is the total cost of units remaining in ending WIP? (Round intermediate...

At Hodgson Corporation, direct materials are added at the beginning of the process and conversions costs...

At Hodgson Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: Beginning WIP direct materials $35,000 Beginning WIP conversion costs $29,250 Costs of materials added $389,100 Costs of conversion added $275,125 WIP beginning (50% for conversion) 21,200 units Units started 127,500 units Units completed and transferred out 110,700 units WIP ending (60% for conversion) 38,000 units What is the total cost of units remaining in ending WIP?

Subjects