Your company is Westport Company Given the following information answer the questions below: Beginning Inventory: Cost...
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Your company is Westport Company Given the following information answer the questions below: Beginning Inventory: Cost of Materials in Beginning Inventory Cost of Conversion in Beginning Inventory Units Started into Production Cost of Materials added this period Cost of Conversion added this period Units transferred out to next process A) How many units are in ending inventory? B) What is the equivalent units of material? () What is the equivalent units of conversion? D) What is the material cost per unit? 6) What is the conversion cost per unit? 987 Units $ 5 6182 Units Ending Inventory: Materials Complete Conversion Complete Using the weighted average method of accounting for process answer the following questions: 5 What is the value of ending inventory? $ 4,907 3,151 29,605 18,687 5377 Units 100% 67.35% F) Journal the transfer of completed products to the next process (Use WIP This Process & WIP Next Process) Your company is Westport Company Given the following information answer the questions below: Beginning Inventory: Cost of Materials in Beginning Inventory Cost of Conversion in Beginning Inventory Units Started into Production Cost of Materials added this period Cost of Conversion added this period Units transferred out to next process A) How many units are in ending inventory? B) What is the equivalent units of material? () What is the equivalent units of conversion? D) What is the material cost per unit? 6) What is the conversion cost per unit? 987 Units $ 5 6182 Units Ending Inventory: Materials Complete Conversion Complete Using the weighted average method of accounting for process answer the following questions: 5 What is the value of ending inventory? $ 4,907 3,151 29,605 18,687 5377 Units 100% 67.35% F) Journal the transfer of completed products to the next process (Use WIP This Process & WIP Next Process)
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
Posted Date:
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