Question: How many tons were started and completed during October? BE 17-3 Equivalent units of materials cost. The Rolling Department of Kraus Steel Company had 350

How many tons were started and completed during October?

BE 17-3 Equivalent units of materialscost.

The Rolling Department of Kraus Steel Company had350tons in beginning work in process inventory (55% complete) on October 1. During October,4,100tons were completed. The ending work in process inventory on October 31 was500tons (30% complete).

What are the totalequivalentunits for direct materials for October if materials are added at the beginning of the process?

BE 17-4 Equivalent units of conversioncosts.

What are the total equivalent units for conversion costs?

BE 17-5 Cost per equivalent unit.

The cost of direct materials transferred into the Rolling Department of Kraus Company is $2,767,500. The conversion cost for the period in the Rolling Department is $604,125. The total equivalent units for direct materials and conversion are 4,100tons and4.027.50tons, respectively. Determine the direct materials and conversion costs per equivalent unit.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

need the answers asap with exolanations so i can create a cheat sheet for my exam at 2pm its 5am now Basic Exercises BE 17-1 Job order versus process costing Which of the following industries would...

October 3 1 was 1 , 2 0 0 tons. How many tons were started and completed during October? BE 3 - 3 Equivalent units of materials cost The Rolling Department of Jabari Steel Company had 8 0 0 tons in...

BE 17-1 Job order versus process costing Which of the following industries would tipically use job order costing, and which would tipically use process costing? Steel manufactuirng Computer chip...

Units to be Assigned Costs Eve Cosmetics Company consists of two departments, Blending and Filing. The Filling Department received 3 Department. During the period, the Filling Department completed...

Units to be Assigned Costs Eve Cosmetics Company consists of two departments, Blending and Filling. The Filling Department received 32,800 ounces from the Blending Department. During the period, the...

Units to be Assigned Costs Eve Cosmetics Company consists of two departments, Blending and Filling. The Filling Department received 50,000 ounces from the Blending Department. During the period, the...

Units to be Assigned Costs Eve Cosmetics Company consists of two departments, Blending and Filling. The Filling Department received 52,800 ounces from the Blending Department. During the period, the...

Units to be Assigned Costs Eve Cosmetics Company consists of two departments, Blending and Filling. The Filling Department received 71,500 ounces from the Blending Department. During the period, the...

Units to be Assigned Costs Eve Cosmetics Company consists of two departments, Blending and Filling. The Filling Department received 45,800 ounces from the Blending Department. During the period, the...

On January 31, 2021, Juan Inversionista purchased as an investment with short-term speculation intention shares issued by the following companies: 20 Tesla shares at a total cost of $15,000 and...

What is the difference between descriptive and inferential statistics?

To RGB corporation RGB corporation prepares monthly financial statements on December 3 1 , 2 0 2 3 . RGB reported the following equity account balances common shares unlimited shares authorized 2 5 ,...

My CSCI 40 teacher made an assignment and I cant figure it out... He wants us to create a program that will transfer regular numbers into mandarin, he provided all the translations and...