Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Filling Department of Eve Cosmetics Company are $2.00 and $2.30, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 1,900 Started and completed during the period 47,000 47,000 Transferred out of Filling (completed) 47,000 48,900 Inventory in process, end of period 2,000 1,200 Total units to be assigned costs 49,000 50,100 The beginning work in process inventory had a cost of $1,120. Determine the cost of completed and transferred- out production and the ending work in process inventory. If required, round to the nearest dollar. Completed and transferred-out $fill in the blank 1 production $fill in the blank 2 Inventory in process, ending

Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Filling Department of Eve Cosmetics Company are $2.00 and $2.30, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 1,900 Started and completed during the period 47,000 47,000 Transferred out of Filling (completed) 47,000 48,900 Inventory in process, end of period 2,000 1,200 Total units to be assigned costs 49,000 50,100 The beginning work in process inventory had a cost of $1,120. Determine the cost of completed and transferred- out production and the ending work in process inventory. If required, round to the nearest dollar. Completed and transferred-out $fill in the blank 1 production $fill in the blank 2 Inventory in process, ending

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 6BE: The costs per equivalent unit of direct materials and conversion in the Rolling Department of Kraus...

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Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Rolling Department of Blackrock Steel Company are $45 and $12, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials ConversionInventory in process, beginning of period 0 640Started and completed during the period 11,900 11,900Transferred out of Rolling (completed) 11,900 12,540Inventory in process, end of period 2,000 600Total units to be assigned costs 13,900 13,140The beginning work in process inventory had a cost of $38,020. Determine the cost of completed and…
Cost of units transferred out and ending work in processThe costs per equivalent unit of direct materials and conversion in the Filling Department of Eve Cosmetics Company are $0.40 and $0.10, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of periodStarted and completed during the periodTransferred out of Filling (completed)Inventory in process, end of periodTotal units to be assigned costs o42,00042,0008,00050,000 1,60042,00043,6002,00045,600 The beginning work in process inventory had a cost of $1,800. Determine the cost of completed and transferred-out production and the ending work in process inventory.
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