Inez Company has two departments, the Assembly Department and the Welding Department. After the Welding Department,...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Inez Company has two departments, the Assembly Department and the Welding Department. After the Welding Department, costs are transferred to Finished Goods. At the end of the month, the company has the following data from the production cost report of the Welding Department: Completed and transferred out Ending work - in - process Total costs to account for: Equivalent Units Transferred In Equivalent Units 6,200 Direct Materials Costs 6,200 Equivalent Units Conversion Costs 6,200 300 6,500 300 6,500 75 6,275 Transferred In Direct Materials $22,700 $32,100 Conversion Costs $38,400 The company uses the weighted - average method. What is the total cost of the units in ending work-in-process and the total cost of the units completed and transferred out, respectively? (Round intermediate calculations and final answers to the nearest cent.) Inez Company has two departments, the Assembly Department and the Welding Department. After the Welding Department, costs are transferred to Finished Goods. At the end of the month, the company has the following data from the production cost report of the Welding Department: Completed and transferred out Ending work - in - process Total costs to account for: Equivalent Units Transferred In Equivalent Units 6,200 Direct Materials Costs 6,200 Equivalent Units Conversion Costs 6,200 300 6,500 300 6,500 75 6,275 Transferred In Direct Materials $22,700 $32,100 Conversion Costs $38,400 The company uses the weighted - average method. What is the total cost of the units in ending work-in-process and the total cost of the units completed and transferred out, respectively? (Round intermediate calculations and final answers to the nearest cent.)
Expert Answer:
Answer rating: 100% (QA)
Calculating Unit Costs We can find the unit cost for each category Transferredin Direct Materials Co... View the full answer
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Posted Date:
Students also viewed these accounting questions
-
Data transfer instructions will. O a. Use RSI and RDI registers O b. Not affect flag register O c. None of these O d. Affect flag register
-
The Jacksonville Shirt Company makes two types of T-shirts: basic and custom. Basic shirts are plain shirts without any screen printing on them. Custom shirts are created using the basic shirts and...
-
State the issues presented to the Court in McCord v. McCord .
-
Data on the physical inventory of Katus Products Co. as of December 31, 2016, follows: Quantity and cost data from the last purchases invoice of the year and the next-to-the-last purchases invoice...
-
Let In each case, find an elementary matrix E that satisfies the given equation. EA = B 2 -1 -1 B = -1 1 C = D = -3 -1 3 2 1 -1 -1 || A/
-
In December 2008, Jason Garcia signed a motor vehicle sales contract with Mac Haik Dodge Chrysler Jeep, a dealer. In the contract, Garcia agreed to purchase a 2009 Dodge Ram 1500. The contract...
-
Jurassic Company owns machinery that cost $900,000 and has accumulated depreciation of $380,000. The expected future net cash flows from the use of the asset are expected to be $500,000. The fair...
-
4. Write as a single power, then evaluate. Express answers in rational form. a) V55 -16 b) c) 284 7 18 (9) d) 2
-
With the aid of a simple generic diagram, identify and explain how chemical bonding stabilizes a specific secondary structure element that is present in your PDB protein (you can use the software...
-
What are the negative consequences of regulatory criminal law for courts and corrections? Please provide a specific example of how regulatory criminal law has negatively affected the criminal justice...
-
Explain how the criminal law could provide a backup for the tort law to hold someone accountable, how the tort law could back up the criminal law to provide some degree of accountability, and how...
-
Explain: transition materials concluding materials supporting materials introductory materials. give example also.
-
provide the output of the following program after execution. Display the output properly in the box to your right. #include #include using namespace std; int main() { int a=2,b,c; double r=22.0,...
-
On a map where each unit represents one kilometer, two marinas are located at P(4,2) and Q(8,12). If a boat travels in a straight line from one marina to the other, how far does the boat travel?
-
Does the resting membrane potential of a neuron change if the extracellular K+ is increased from 4 mM to 6 mM? B. Yes. The resting membrane moves further away from threshold. C. No. There is no...
-
Which of the following gives the range of y = 4 - 2 -x ? (A) (- , ) (B) (- , 4) (C) [- 4, ) (D) (- , 4] (E) All reals
-
Travel Comfort Specialists, Inc. reported the following stockholders equity on its balance sheet at June 30, 2016: Stockholders' Equity Paid-In Capital: Preferred Stock6%, ? Par Value; 675,000 shares...
-
Arilla Corporation recently organized. The company issued common stock to an inventor in exchange for a patent with a market value of $54,000. In addition, Arilla received cash for 3,000 shares of...
-
How is gross profit calculated, and what does it represent?
-
Using the data from Table 2, construct a \(95 \%\) confidence interval estimate of the mean difference, \(\mu_{d}\). By Hand Approach Step 1 Compute the differenced data. Because the sample size is...
-
Problem Decide whether the sampling method is independent or dependent. Then determine whether the response variable is qualitative or quantitative. (a) Joliet Junior College decided to implement a...
-
In the Spacelab Life Sciences 2 payload, 14 male rats were sent to space. Upon their return, the red blood cell mass (in milliliters) of the rats was determined. A control group of 14 male rats was...
Study smarter with the SolutionInn App