1. The data for the Packaging Department for the period is as follows: Units transferred out of...
Question:
1. The data for the Packaging Department for the period is as follows:
Units transferred out of the department during the period, 800; Units at end of work in process, 200, direct materials 100% full, conversion costs 50% full. The cost per equivalent unit of direct materials is $8.00; and for conversion costs it is $22.80.
What is the total cost of materials in ending inventory? Explain how you calculated this amount.
2. The data for the Packaging Department for the period is as follows:
Units transferred out of the department during the period, 800; Units at end of work in process, 200, direct materials 100% full, conversion costs 50% full. The cost per equivalent unit of direct materials is $8.00; and for conversion costs it is $22.80.
What is the total conversion cost in ending inventory? Explain how you calculated this amount
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer