Question
In: Accounting
Costs per Equivalent Unit Georgia Products Inc. completed and transferred 202,000 particle board units of production...
Costs per Equivalent Unit
Georgia Products Inc. completed and transferred 202,000 particle board units of production from the Pressing Department. There was no beginning inventory in process in the department. The ending in-process inventory was 18,000 units, which were 3/4 complete as to conversion cost. All materials are added at the beginning of the process. Direct materials cost incurred was $968,000, direct labor cost incurred was $244,380, and factory overhead applied was $57,320.
Determine the following for the Pressing Department. Round "cost per equivalent unit" answers to the nearest cent.
| a. Total conversion cost | $ |
| b. Conversion cost per equivalent unit | $ |
| c. Direct materials cost per equivalent unit | $ |
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Costs per Equivalent Unit Georgia Products Inc. completed and transferred 89,000 particle board units of production...
Costs per Equivalent Unit
Georgia Products Inc. completed and transferred 89,000 particle
board units of production from the Pressing Department. There was
no beginning inventory in process in the department. The ending
in-process inventory was 2,400 units, which were 3⁄5 complete as to
conversion cost. All materials are added at the beginning of the
process. Direct materials cost incurred was $219,360, direct labor
cost incurred was $28,100, and factory overhead applied was
$12,598.
Determine the following for the Pressing Department....
1) . Costs per Equivalent Unit Georgia Products Inc. completed and transferred 185,000 particle board units...
1) . Costs per Equivalent Unit
Georgia Products Inc. completed and transferred 185,000 particle
board units of production from the Pressing Department. There was
no beginning inventory in process in the department. The ending
in-process inventory was 16,000 units, which were 1/2 complete as
to conversion cost. All materials are added at the beginning of the
process. Direct materials cost incurred was $522,600, direct labor
cost incurred was $109,430, and factory overhead applied was
$25,670.
Determine the following for the...
Georgia Products Inc. completed and transferred 190,000 particleboard units of production from the Pressing Department. There...
Georgia Products Inc. completed and transferred 190,000
particleboard units of production from the Pressing Department.
There was no beginning inventory in process in the department. The
ending in-process inventory was 16,000 units, which were 3/5
complete as to conversion cost. All materials are added at the
beginning of the process. Direct materials cost incurred was
$566,500, the direct labor cost incurred was $258,680, and factory
overhead applied was $60,680.
Determine the following for the Pressing Department. Round "cost
per equivalent...
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of...
Cost of Units Transferred Out and Ending Work in Process
The costs per equivalent unit of direct materials and conversion
in the Rolling Department of Oak Ridge Steel Company are $0.80 and
$0.45, respectively. The equivalent units to be assigned costs are
as follows:
Equivalent Units
Direct Materials
Conversion
Inventory in process, July 1
0
4,900
Started and completed during July
61,000
61,000
Transferred out of Rolling (completed)
61,000
65,900
Inventory in process, July 31
4,000
2,400
Total units to...
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of...
Cost of Units Transferred Out and Ending Work in Process
The costs per equivalent unit of direct materials and conversion
in the Rolling Department of Kraus Steel Company are $1.80 and
$2.70, respectively. The equivalent units to be assigned costs are
as follows:
Equivalent Units
Direct MaterialsConversion
Inventory in process, October 10 2,900
Started and completed during October48,000 48,000
Transferred out of Rolling (completed)48,000 50,900
Inventory in process, October 316,000 3,600
Total units to be assigned costs54,000 54,500
The beginning...
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of...
Cost of Units Transferred Out and Ending Work in Process
The costs per equivalent unit of direct materials and conversion
in the Rolling Department of Oak Ridge Steel Company are $2.15 and
$1.60, 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
4,000
2,000
Total units to...
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of...
Cost of Units Transferred Out and Ending Work in Process
The costs per equivalent unit of direct materials and conversion
in the Rolling Department of Kraus Steel Company are $1.90 and
$1.40, respectively. The equivalent units to be assigned costs are
as follows:
Equivalent Units
Direct Materials
Conversion
Inventory in process, October 1
0
1,900
Started and completed during October
32,000
32,000
Transferred out of Rolling (completed)
32,000
33,900
Inventory in process, October 31
4,000
2,400
Total units to be...
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of...
Cost of Units Transferred Out and Ending Work in Process
The costs per equivalent unit of direct materials and conversion
in the Filling Department of Eve Cosmetics Company are $0.80 and
$1.25, respectively. The equivalent units to be assigned costs are
as follows:
Equivalent Units
Direct Materials
Conversion
Inventory in process, beginning of period
0
2,900
Started and completed during the period
41,000
41,000
Transferred out of Filling (completed)
41,000
43,900
Inventory in process, end of period
5,000
2,000
Total...
Calculate Equivalent Units, Unit Costs, and Transferred Costs—FIFO Method Godfrey Manufacturing, Inc., operates a plant that...
Calculate Equivalent Units, Unit Costs, and Transferred
Costs—FIFO Method Godfrey
Manufacturing, Inc., operates a plant that produces its own
regionally marketed Spicy Steak Sauce.
The sauce is produced in two processes, blending and bottling.
In the Blending Department, all ma-
terials are added at the start of the process, and labor and
overhead are incurred evenly throughout
the process. Godfrey uses the FIFO method. The following data
from the Work in Process—Blending
Department account for January 2016 is missing a...
Calculate Equivalent Units, Unit Costs, and Transferred Costs—Weighted Average Method Kipling Manufacturing, Inc., operates a plant...
Calculate Equivalent Units, Unit Costs, and Transferred
Costs—Weighted Average Method
Kipling Manufacturing, Inc., operates a plant that produces its
own regionally-marketed Super Salad Dressing. The dressing is
produced in two processes, blending and bottling. In the Blending
Department, all materials are added at the beginning of the
process, and labor and overhead are incurred evenly throughout the
process. Kipling uses the weighted average method. The Work in
Process—Blending Department account for January 2016 follows:
Work in Process-Blending
Department
January 1...
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