Conversion 1,500 Cost of Units Transferred Out and Ending Work In Process The costs per...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Conversion 1,500 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 $2.25 and $0.85, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Inventory in process, October 1 0 Started and completed during October 37,000 37,000 Transferred out of Rolling completed) 37,000 38,500 Inventory in process, October 31 5,000 2,500 Total units to be assigned costs 42,000 41,000 The beginning work in process inventory on October 1 had a cost of $1,020. Determine the cost of completed and transferred-out production, the ending work in process invertory, and the total costs assigned by the Rolling Department Completed and transferred-out production Inventory in process, October 31 Total costs assigned by the Rolling Department
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
