Question: please help asap Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses process costing, appear
Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses process costing, appear below: Conversion 840 $5.53 $ 14.16 Materials Equivalent units in ending work in process inventory 2,100 Cost per equivalent unit A total of 21,700 units were completed and transferred to the next processing department during the perd Required: 1. Compute the cost of ending work in process inventory for materials, conversion, and in total, 2. Compute the cost of the units completed and transferred out for materials, conversion, and in total (For all requirements, round your final answers to the nearest whole dollar amount.) Materials Conversion Total 1. Cost of ending work in process inventory 2. Cost of units transferred out
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
