Total cost assigned to inventory will be
=[20,000 *2 ] + [20,000*70%*4]
= $96,000
Answer : $96,000
Question 43 2 pts Charley Company's Assembly Department has materials cost at $2 per unit and...
Marigold Company's Assembly Department has materials cost at $4 per unit and conversion cost at $7 per unit. There are 29200 units in ending work in process, all of which are 80% complete as to conversion costs. Materials are added at the beginning of the process. How much are total costs to be assigned to inventory? $163520. $116800. O $280320. O $321200. The following department data are available: Total materials costs Equivalent units of materials Total conversion costs Equivalent units...
Question 44 2 pts 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; 40,000 units were completed and transferred out; and there were 20,000 units in the ending work in process that were 40% complete. During July, $120,000 materials costs and $105,000 conversion costs were charged to the department. The unit production costs for materials and conversion costs for...
Cost per Equivalent Unit The cost of direct materials transferred into the Rolling Department of Kraus Company is $490,000. The conversion cost for the period in the Rolling Department is $280,600. The total equivalent units for direct materials and conversion are 2,500 tons and 4,600 tons, respectively. Determine the direct materials and conversion costs per equivalent unit. Direct materials cost per equivalent unit: per ton Conversion cost per equivalent unit: per ton Cost of Units Transferred Out and Ending Work...
Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started units during November. The following production activity unit and cost information refers to the assembly departme November production activities. Units Assembly Department Beginning work in process Units transferred out Ending work in process 2,500 9,500 3,200 Percent of Direct Materials 60% 100% Percent of Conversion 40% 100% 35% 85% $2,483 (consists of $964 for direct materials and $1,519 for conversion) Beginning work in process inventory-Assembly dept Costs...
Requirement 2. Compute the cost per equivalent unit. (For entries with a $0 balance, make sure to enter "O' in the appropriate column. Enter the cost per equivalent unit to two decimal places) Assembly Department Cost per Equivalent Unit Month Ended September 30 Direct Conversion Materials Costs Cost per equivalent unit Requirement 3. Assign the costs to units completed and transferred out and ending work in process inventory. (Enter quantities first, then the cost per equivalent unit amounts in the...
Refer to the following information about the Assembly Department in the Honey Bee Factory for the month of July. Honey Bee Factory uses the weighted average method of inventory costing. 6,000 units Beginning Work in Process inventory: Physical units (completed in July) % complete for materials % complete for conversion (labor and overhead) 80% 30% Materials Cost from June $8,125 Conversion cost from June $6,540 30,000 units 7,000 units Products started and completed in July: Physical Units Ending Work in...
The Assembly Department of Best Motors began September with no work in process inventory. During the month, production that cost $64,434 (direct materials, $12,954, and conversion costs, $51,480) was started on 31,000 units. Best completed and transferred to the Testing Department a total of 23,000 units. The ending work in process inventory was 30% complete as to direct materials and 70% complete as to conversion work. Read the requirements. Requirement 1. Compute the equivalent units for direct materials and conversion...
the cost per equivalent unit for materials for the month in
the first processing department is closest to:
Heller Corporation uses the weighted average method in its p first processing department for the most recent month are listed below: weighted average method in its process costing system. Data concerning the Beginning work in process inventory: Units in beginning work in process inventory. .. Materials costs......... Conversion costs.......................... ..... Percent complete with respect to materials....... Percent complete with respect to conversion.....
The cost per equivalent unit of direct materials and conversion in the Bottling Department of Mountain Springs Water Company is $0.45 and $0.12, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 0 3,500 Started and completed during the period 57,000 57,000 Transferred out of Bottling (completed) 57,000 60,500 Inventory in process, end of period 3,500 1,800 Total units and costs...
The Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 12,200 units during November. The following production activity unit and cost information refers to the assembly department's November production activities Assembly Department Beginning work in process Units transferred out Ending work in process Units 3,000 10,000 5,200 Percent of Direct Materials Added 70% 100% 85% Percent of Conversion 30% 100% 35% $2,288 (includes $1,484 for direct materials and $804 for conversion) Beginning work in process inventory-Assembly...