The cost per equivalent units of direct materials and conversion in the Bottling Department of...
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Accounting
The cost per equivalent units of direct materials and conversion in the Bottling Department of Beverages on Jolt Company is $0.70 and $0.10, respectively. The equivalent units to be assigned costs are as follows:
Direct Materials
Conversion
Inventory in process, beginning of period
0
2,700
Started and completed during the period
51,040
51,040
Transferred out of Bottling (completed)
51,040
53,740
Inventory in process, end of period
3,620
2,300
Total units to be assigned costs
54,660
56,040
The beginning work in process inventory had a cost of $3,160. Determine the cost of completed and transferred out production, and the ending work in process inventory.
Completed and transferred out production
$
Inventory in process, ending
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