INTEGRITY Company uses process costing. The materials are added when the process in 50% complete and...
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INTEGRITY Company uses process costing. The materials are added when the process in 50% complete and conversion costs are added uniformly throughout the process. The following are the information during the period: Physical Units: Work in Process, beginning (60% complete) Started during the period Work in Process, ending (45% complete) Costs: Work in Process, beginning Materials Conversion Costs Cost added during the period: Materials Conversion Costs Determine the following: How much is the total costs to account for? 30,000 200,000 50,000 67,800 29,300 579,000 248,900 Using WAVE, what is the EUP for materials? Using WAVE, how much is the cost of completed and transferred? Using FIFO, what is the EUP for conversion cost? Using FIFO, how much is the cost of work in process, ending? INTEGRITY Company uses process costing. The materials are added when the process in 50% complete and conversion costs are added uniformly throughout the process. The following are the information during the period: Physical Units: Work in Process, beginning (60% complete) Started during the period Work in Process, ending (45% complete) Costs: Work in Process, beginning Materials Conversion Costs Cost added during the period: Materials Conversion Costs Determine the following: How much is the total costs to account for? 30,000 200,000 50,000 67,800 29,300 579,000 248,900 Using WAVE, what is the EUP for materials? Using WAVE, how much is the cost of completed and transferred? Using FIFO, what is the EUP for conversion cost? Using FIFO, how much is the cost of work in process, ending?
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To calculate the answers well need to use the given information and apply the appropriate formulas and calculations Lets go step by step 1 Total Costs to Account For The total costs to account for can ... View the full answer
Related Book For
Cost management a strategic approach
ISBN: 978-0073526942
5th edition
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
Posted Date:
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