Question: 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
Data concerning a recent periods activity in the Prep Department, the first processing department in a company that uses process costing, appear below:
Materials Conversion
Equivalent units in ending work in process inventory
Cost per equivalent unit $ $
A total of units were completed and transferred to the next processing department during the period.
Required:
Compute the cost of ending work in process inventory for materials, conversion, and in total.
Compute the cost of the units completed and transferred out for materials, conversion, and in 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:
A total of units were completed and transferred to the next processing department during the period.
Required:
Compute the cost of ending work in process inventory for materials, conversion, and in total.
Compute the cost of the units completed and transferred out for materials, conversion, and in total.
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