80.2K

Verified Solution

Link Copied!

Take me to the text Kayles Company uses a weighted-average process costing system and started 21,000 units this month. Kayles had 14,000 units that were 40% complete as to conversion costs in beginning work in process inventory and 3,100 units that were 80% complete as to conversion costs in ending work in process inventory. Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number. a) What are equivalent units of production with respect to conversion costs? Direct Materials Units % Equivalent Completed Conversion Equivalent Units Beginning WIP Conversion Units 14000 Round the cost per unit to 2 decimal places. Conversion Cost $ Inputs Add Current Month Total Production Inputs Beginning WIP Add Current Month Total Production Cost A Completed Transfer 100 Out 6 % Outputs b) If the Kayles Company assigned $63,947 of conversion cost to its previous month's ending inventory and incurred an additional conversion cost of $149,209 during this month, compute the cost per equivalent unit with respect to conversion costs. Ending WIP 3100 80 % Cost of Production per Unit Total Outp

Kayles Company uses a weighted-average process costing system and started 21,000 units this month. Kayles had 14,000 units that were 40% complete as to conversion costs in beginning work in process inventory and 3,100 units that were 80% complete as to conversion costs in ending work in process inventory. Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number. a) What are equivalent units of production with respect to conversion costs? b) If the Kayles Company assigned $63,947 of conversion cost to its previous month's ending inventory and incurred an additional conversion cost of $149,209 during this month, compute the cost per equivalent unit with respect to conversion costs. Round the cost per unit to 2 decimal places

Answer & Explanation Solved by verified expert

See Answer