Question
In: Accounting
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 units to be assigned costs | 46,000 | 45,900 | ||
The beginning work in process inventory had a cost of $1,940. Determine the cost of completed and transferred-out production and the ending work in process inventory. If required, round to the nearest dollar.
| Completed and transferred-out production | $ |
| Inventory in process, ending | $ |
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of...
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Direct Materials
Conversion
Inventory in process, July 1
0
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Started and completed during July
61,000
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Transferred out of Rolling (completed)
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Inventory in process, July 31
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Equivalent Units
Direct MaterialsConversion
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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
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The beginning...
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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...
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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...
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The costs per equivalent unit of direct materials and conversion
in the filling department of Lilac Skin Care Company are $ 0.45 and
$0.15, respectively. The equivalent units to be assigned costs are
as follows:
Equivalent Units
Direct Materials Conversion
Inventory in process beginning of period 0 1,200
Started and completed during the period 38,000 38,800
Transferred out of filling(completed)
38,800
40,000
Inventory in the...
Cost of Units Transferred Out and Ending Work in Process The The rate used to allocate...
Cost of Units Transferred Out and Ending Work in Process
The The rate used to allocate costs between completed and
partially completed production.costs per equivalent unit of direct
materials and conversion in the Filling Department of Eve Cosmetics
Company are $2.15 and $2.40, respectively. The equivalent units to
be assigned costs are as follows:
Equivalent Units
Direct Materials
Conversion
Inventory in process, beginning of period
0
1,800
Started and completed during the period
36,000
36,000
Transferred out of Filling (completed)...
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Ending Work in Process
Dama Company produces women's blouses and uses the FIFO method
to account for its manufacturing costs. The product Dama makes
passes through two processes: Cutting and Sewing. During April,
Dama's controller prepared the following equivalent units schedule
for the Cutting Department:
Direct
Materials
Conversion Costs
Units started and completed
40,000
40,000
Units, beginning work in process:
10,000 × 0%
—
—
10,000 × 50%
—
5,000...
FIFO Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process Dama Company...
FIFO Method, Unit Cost, Valuation of Goods Transferred Out and
Ending Work in Process
Dama Company produces women's blouses and uses the FIFO method
to account for its manufacturing costs. The product Dama makes
passes through two processes: Cutting and Sewing. During April,
Dama's controller prepared the following equivalent units schedule
for the Cutting Department:
Direct
Materials
Conversion Costs
Units started and completed
45,000
45,000
Units, beginning work in process:
14,000 × 0%
—
—
14,000 × 50%
—
7,000...
FIFO Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process Dama Company...
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Dama Company produces women's blouses and uses the FIFO method
to account for its manufacturing costs. The product Dama makes
passes through two processes: Cutting and Sewing. During April,
Dama's controller prepared the following equivalent units schedule
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Direct
Materials
Conversion Costs
Units started and completed
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Units, beginning work in process:
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—
—
12,000 × 50%
—
6,000...
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