Question

In: Accounting

Marigold Company’s Assembly Department has materials cost at $2 per unit and conversion cost at $5...

Marigold Company’s Assembly Department has materials cost at $2 per unit and conversion cost at $5 per unit. There are 19200 units in ending work in process, all of which are 60% complete as to conversion costs and 60% complete as to materials. How much are total costs to be assigned to inventory?

Solutions

Expert Solution

Ending Inventory in Process

Per Unit

Total (A)

Percentage of Completion (B)

Total (C=A*B)

Material Cost

                                            19,200

2

     38,400

60%

              23,040

Conversion Cost

                                            19,200

5

     96,000

60%

              57,600

Total

1,34,400

              80,640

ekkarill92 answered 1 year ago
Next > < Previous

Related Solutions

9). Truong Company's Assembly Department has materials cost at-$3 per unit and conversion cost at-$6 per...
9). Truong Company's Assembly Department has materials cost at-$3 per unit and conversion cost at-$6 per unit. There are 15,000-units in ending inventory, all of which are 70% complete as to conversion costs. How much are total costs to be assigned to ending inventory (EI) ? A) $63,000. B) $108,000. C) $94,500. D) $135,000. 10). The Anfa Company's Assembly Department has materials cost at $4 per unit and conversion cost at $8 per unit. There are 15,000 units in ending...
For the Assembly Department, unit materials cost is $4 and unit conversion cost is $8. All...
For the Assembly Department, unit materials cost is $4 and unit conversion cost is $8. All material costs are added at the beginning of the process and conversion costs are applied uniformly throughout the process. If there are 9900 units in ending work in process 65% complete as to conversion costs, the costs to be assigned to the ending inventory are A.$77220. B.$118800. C.$91080. D. $104940.
Last month, Vern’s Assembly Department had a unit materials cost of $4.00 and a unit conversion...
Last month, Vern’s Assembly Department had a unit materials cost of $4.00 and a unit conversion cost of $5.00. The department transferred out 68,000 units during the month and had 12,000 units in ending work in process inventory that were 40% complete with respect to conversion at the end of the month. If all materials are added at the beginning of the process and conversion costs are added uniformly throughout the process, what is the total cost of the department’s...
The cost per equivalent unit of direct materials and conversion in the Bottling Department of Beverages...
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...
The Assembly Department uses a process cost accounting system. The department adds materials and incurs conversion...
The Assembly Department uses a process cost accounting system. The department adds materials and incurs conversion costs uniformly throughout the process. During May, $200,000 of materials costs and $95,000 in conversion costs were charged to the department. The beginning Work in Process inventory was $63,000 on May 1, comprised of $40,000 of materials costs and $23,000 of conversion costs. The company employs the FIFO method of process costing. Other data for the month of May are as follows: Beginning Work...
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...
Question A: The costs per equivalent unit of direct materials and conversion in the Bottling Department...
Question A: The costs per equivalent unit of direct materials and conversion in the Bottling Department of Rocky Springs Beverage Company are $1.25 and $0.65, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 0 2,500 Started and completed during the period 50,000 50,000 Transferred out of Bottling (completed) 50,000 52,500 Inventory in process, end of period 5,000 2,500 Total units to be assigned costs 55,000 55,000...
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...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT