Question: need help with the cost allocated to completed and ending inventory units Process Cost Practice Quiz-Part A The following information is related to the blending
Process Cost Practice Quiz-Part A The following information is related to the blending department 1. 1,900 units in beginning wp,60% completed as to conversion 2. Direct Materials added: 22,000 units 3. Goods completed and transferred total 21,800 units- 4. All materials are added at the beginning of the process 5. Beginning WIP was $7,657 6. Cost of DM added during the month: $77,000 7. Cost of DL added during the month: $14,200 8. Factory overhead applied during the month: $6,880 9. Ending wip inventory is 20% completed as to conversion costs 1. Compute total units to be assigned costs 2. Compute Group 1-3 whole units and equivalent units 3. Compute cost per equivalent unit for materials and conversion costs . using cost per equi ivalent unit above, determine (A) cost transferred out of WIP to next department and (8) cost assigned to ending WIP WIP Blending Dept. Units Beginnine 1,900 7,657 Group1 190 o Beginning Cost to Complete DM Total Group2199 81. 53o 1d, (880 48. o DL Start+ Compl. FOH Total lo ,137 Completed Group 3 Ending 2lo o to be Group 1 900 Group 2 Start Compl Total Completed and Transferred Group 3 44.. Ending 2 3.9c Total Units to be Assigned Costs Costs Allocated to Completed and Ending inventory Units Group 1 Group Total Completed otal Costs Assigned by Blending Dept
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