The Polishing Department of Wildhorse Company has the following production and manufacturing cost data for...
90.2K
Verified Solution
Link Copied!
Question
Accounting
The Polishing Department of Wildhorse Company has the following production and manufacturing cost data for September. All materials are added at the beginning of the process, and conversion costs are incurred uniformly throughout the process. Production: Beginning inventory 1,680 units that are 100% complete as to materials and 30% complete as to conversion costs; units started during the period are 47,000; ending inventory of 5,800 units 10% complete as to conversion costs. Manufacturing costs: Beginning inventory costs, comprised of $21,700 of materials and $75,836 of conversion costs; materials costs added in Polishing during the month, $236,304; labor and overhead applied in Polishing during the month, $127,100 and $257,740, respectively.
Compute the equivalent units of production for materials and conversion costs for the month of September.
Materials
Conversion Costs
The equivalent units of production
enter a number of units
enter a number of units
eTextbook and Media
Compute the unit costs for materials and conversion costs for the month. (Round unit costs to 2 decimal places, e.g. 2.25.)
Materials
Conversion Costs
Unit costs
$enter a dollar amount rounded to 2 decimal places
$enter a dollar amount rounded to 2 decimal places
eTextbook and Media
Determine the costs to be assigned to the units completed and transferred out and to work in process at the end of September. (Round unit costs to 2 decimal places, e.g. 2.25 and final answers to 0 decimal places, e.g. 1,225.)
Completed and transferred out
$enter a dollar amount rounded to 0 decimal places
Ending work in process
$enter a dollar amount rounded to 0 decimal places
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!