CoursHeroTranscribedText: Units in beginning inventory 410 Units started into production 4,270 Units in ending inventory...
90.2K
Verified Solution
Link Copied!
Question
Accounting
CoursHeroTranscribedText: Units in beginning inventory 410 Units started into production 4,270 Units in ending inventory 290 Units transferred to the next department 4,390 Materials Conversion Percentage completion of beginning inventory Percentage completion of ending Inventory The cost of beginning inventory according to the company's costing system was $7,888 of which $4,805 was for materials and the remainder was for conversion cost. The costs added during the month amounted to $177,967. The costs per equivalent unit for the month were: Materials Conversion Cost per equivalent unit $18.00 + $23.00 141 - Reg-# 1 Required: 1. Compute the total cost per equivalent unit for the month, 2. Compute the equivalent units of material and conversion in the ending inventory 3. Compute the equivalent units of material and conversion that were required to complete the beginning inventory. 4. Compute the number of units started and completed during the month. 5. Compute the cost of ending work in process inventory for materials, conversion, and in total for the month, Compute the cost of the units transferred to the next department for materials, conversion, and in total for the month
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!
