Angerstein Inc. produces calendars in a two-process, two-department operation. In the Printing Department, calendars are printed and
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Beginning WIP Inventory: 5,000 calendars (30 percent complete as to conversion); transferred in cost, $ 7,550; conversion cost, $ 1,093
Transferred in during September: 80,000 calendars
Current period costs: transferred in, $ 80,000; direct material, $10,270; conversion, $13,991
Ending WIP Inventory: 6,000 calendars (80 percent complete as to conversion) For the Assembly Department, compute the following:
a. Equivalent units of production for each cost component
b. Cost per EUP for each cost component
c. Cost transferred to Finished Goods Inventory
d. Cost of ending WIP Inventory
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Related Book For
Cost Accounting Foundations and Evolutions
ISBN: 978-1111971724
9th edition
Authors: Michael R. Kinney, Cecily A. Raiborn
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