Question: Data concerning a recent periods activity in the Prep Department, the first processing department in a company that uses process costing, appear below: A total

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 Conversion 2,000 Equivalent units of production in ending work in process Cost per equivalent unit 800 $13.86

A total of 20,100 units were completed and transferred to the next processing department during the period.

Required:

Compute the cost of the units transferred to the next department during the period and the cost of ending work in process inventory.

Materials Conversion 2,000 Equivalent units of production in ending work in process Cost per equivalent unit 800 $13.86 $4.43

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