Data concerning a recent period's activity in the Prep Department, the first processing department in a...
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Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses process costing, appear below: Materials 2,070 $ 14.06 Conversion 850 Equivalent units in ending work in process inventory Cost per equivalent unit $ 4.93 A total of 21,900 units were completed and transferred to the next processing department during the period. Required: 1. Compute the cost of ending work in process inventory for materials, conversion, and in total. 2. Compute the cost of the units completed and transferred out for materials, conversion, and in total. (For all requirements, round your final answers to the nearest whole dollar amount.) Materials Conversion Total 1. Cost of ending work in process inventory 2 Cost of units transferred out Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses process costing, appear below: Materials 2,070 $ 14.06 Conversion 850 Equivalent units in ending work in process inventory Cost per equivalent unit $ 4.93 A total of 21,900 units were completed and transferred to the next processing department during the period. Required: 1. Compute the cost of ending work in process inventory for materials, conversion, and in total. 2. Compute the cost of the units completed and transferred out for materials, conversion, and in total. (For all requirements, round your final answers to the nearest whole dollar amount.) Materials Conversion Total 1. Cost of ending work in process inventory 2 Cost of units transferred out
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Related Book For
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
Posted Date:
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