During December, the production department of a process operations system completed and transferred to finished...
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Accounting
During December, the production department of a process operations system completed and transferred to finished goods a total of 63,000 units of product. At the end of March, 15,000 additional units were in process in the production department and were 40% complete with respect to materials. The beginning inventory included materials cost of $60,300 and the production department incurred direct materials cost of $191,400 during December. Compute the direct materials cost per equivalent unit for the department using the weighted-average method.
Multiple Choice
$4.00.
$2.77.
$3.04.
$3.65.
$3.23.
A company uses the weighted-average method for inventory costing. At the end of the period, 20,000 units were in the ending Work in Process inventory and are 100% complete for materials and 85% complete for conversion. The equivalent costs per unit are materials, $2.75, and conversion $2.26. Compute the cost that would be assigned to the ending Work in Process inventory for the period.
Multiple Choice
$93,420.
$165,400.
$93,290.
$148,840.
$140,590.
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