Question

In: Accounting

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.

Solutions

Expert Solution

Correct answer---------(C) $91080

Working

Statement of cost
Cost Equivalent Cost/unit Ending WIP
Units Cost Allocated
Material $ 4.00                9,900 $          39,600.00
Conversion cost $ 8.00                6,435 $          51,480.00
TOTAL $ 91,080 TOTAL $ 91,080

.

Statement of Equivalent Units(Weighted average)
Material Conversion cost
Units Complete % Equivalent units Complete % Equivalent units
Closing WIP                      9,900 100%                9,900.0 65%            6,435
Total                      9,900 Total                9,900.0 Total            6,435

ekkarill92 answered 2 years ago
Next > < Previous

Related Solutions

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...
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?
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...
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 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 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...
In the Assembly Department, all materials are added at the beginning of the process. Labor and...
In the Assembly Department, all materials are added at the beginning of the process. Labor and overhead (conversion resources) are added evenly throughout the process. The following information pertains to the Assembly Department for the month of August. Physical Units    Materials Conversion Beg work in process Inventory 1,000 units (90%) complete $4,600 $2,340 Units started in August 6,000 units Ending work in process inventory 800 unit (30% complete) Costs added in August $40,200 $49,800 a. How many units were...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT