Martin Manufacturing has two manufacturing departments, Forming and Painting. The company uses the weighted average method...

Transcribed Image Text:

Martin Manufacturing has two manufacturing departments, Forming and Painting. The company uses the weighted average method and it reports the following data. Units completed in the Forming department are transferred to the Painting department. Direct materials Conversion Percent Percent Complete Complete 40% Units Beginning work in process inventory 100, eee 1,200, eee 1,180, eee Units started this period Units completed and transferred out Ending work in process inventory 120, 000 30% Production cost information for the Forming department follows. Beginning work in process Direct materials Conversion $ 179,200 61, 200 $ 240,400 Costs added this period Direct materials Conversion $ 4,924, 800 3,586, 800 8,511,600 Calculate the costs per equivalent unit of production for both direct materials and conversion for the Forming department. Multiple Choice $4 00 per EUP direct materials, $3.00 per EUP conversion $3.93 per EUP direct moterials, $281 per EUP conversion. $3 86 per EUP direct materials, $2.95 per EUP conversion $3.72 per EUP direct materials, $2.90 per EUP conversion $433 per EUP direct materials $3 09 per EUP conversion Sparky Corporation uses the weighted-average method of process costing. The following information is available for February in its Molding depactrment: Direct materials Conversion Percent Units Percent Complete 1eex Complete Beginning work in process inventory 25,000 55% Units started and completed 110, e00 Units completed and transferred out Ending work in process inventory 135,e00 30,000 100% 30x Production cost information for the Molding department follows. Beginning work in process Direct materials Conversion $ 43,000 48,850 $ 91,850 Costs added this period $ 287,000 599,150 Direct materials Conversion 886,150 Calculate the cost per equivalent unit of conversion. Multiple Choice $4.60 $4.50 $4 16 $4.98 $5.45 Martin Manufacturing has two manufacturing departments, Forming and Painting. The company uses the weighted average method and it reports the following data. Units completed in the Forming department are transferred to the Painting department. Direct materials Conversion Percent Percent Complete Complete 40% Units Beginning work in process inventory 100, eee 1,200, eee 1,180, eee Units started this period Units completed and transferred out Ending work in process inventory 120, 000 30% Production cost information for the Forming department follows. Beginning work in process Direct materials Conversion $ 179,200 61, 200 $ 240,400 Costs added this period Direct materials Conversion $ 4,924, 800 3,586, 800 8,511,600 Calculate the costs per equivalent unit of production for both direct materials and conversion for the Forming department. Multiple Choice $4 00 per EUP direct materials, $3.00 per EUP conversion $3.93 per EUP direct moterials, $281 per EUP conversion. $3 86 per EUP direct materials, $2.95 per EUP conversion $3.72 per EUP direct materials, $2.90 per EUP conversion $433 per EUP direct materials $3 09 per EUP conversion Sparky Corporation uses the weighted-average method of process costing. The following information is available for February in its Molding depactrment: Direct materials Conversion Percent Units Percent Complete 1eex Complete Beginning work in process inventory 25,000 55% Units started and completed 110, e00 Units completed and transferred out Ending work in process inventory 135,e00 30,000 100% 30x Production cost information for the Molding department follows. Beginning work in process Direct materials Conversion $ 43,000 48,850 $ 91,850 Costs added this period $ 287,000 599,150 Direct materials Conversion 886,150 Calculate the cost per equivalent unit of conversion. Multiple Choice $4.60 $4.50 $4 16 $4.98 $5.45

Answer rating: 100% (QA)

Units completed and transferred 1188000 Ending work in process units 124000 Under the weighted a... View the full answer