Jumper Company uses the weighted-average method in its process costing system. The following data pertain to...
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Jumper Company uses the weighted-average method in its process costing system. The following data pertain to operations in the first processing department for a recent month: Work in process, beginning: Units in process... 400 100% Percent complete with respect to materials. Percent complete with respect to conversion... 80% Costs in the beginning inventory: Materials cost.... $1,800 Conversion cost... $3,300 Units started into production during the month. 15,000 14,400 Units completed and transferred out during the month... Costs added to production during the month: Materials cost..... $97,000 $215,000 Conversion cost.. Work in process, ending: Units in process. ? 80% Percent complete with respect to materials...... Percent complete with respect to conversion... 40% What were the equivalent units of production for materials and conversion costs? What was the cost per equivalent unit for materials and conversion cost? How much cost, in total, was transferred to the next department during the month? How much cost, in total, is in ending work in process inventory? Jumper Company uses the weighted-average method in its process costing system. The following data pertain to operations in the first processing department for a recent month: Work in process, beginning: Units in process... 400 100% Percent complete with respect to materials. Percent complete with respect to conversion... 80% Costs in the beginning inventory: Materials cost.... $1,800 Conversion cost... $3,300 Units started into production during the month. 15,000 14,400 Units completed and transferred out during the month... Costs added to production during the month: Materials cost..... $97,000 $215,000 Conversion cost.. Work in process, ending: Units in process. ? 80% Percent complete with respect to materials...... Percent complete with respect to conversion... 40% What were the equivalent units of production for materials and conversion costs? What was the cost per equivalent unit for materials and conversion cost? How much cost, in total, was transferred to the next department during the month? How much cost, in total, is in ending work in process inventory?
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1 Answer The equivalent units of production for materials and conversion costs were 15200 units and ... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
Posted Date:
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