Question: TB Problem 3 - 1 2 2 ( Algo ) Kramer Corporation began the current period... Kramer Corporation began the current period with 4 ,
TB Problem Algo Kramer Corporation began the current period...
Kramer Corporation began the current period with units in process that were complete as to materials and complete as to conversion. Costs of $ in direct materials and $ in conversion costs were incurred in manufacturing those units in the previous period. Kramer ended the current period with units completed and units still in process. Work in process was complete as to materials and complete as to conversion costs. Kramer incurred $ in direct materials costs, $ in direct labor costs, and $ in manufacturing overhead costs during the period.
Required:
a Using the weightedaverage method, compute the equivalent units of production for materials.
b Using the weightedaverage method, compute the equivalent units of production for conversion.
c Using the weightedaverage method, compute the cost per equivalent unit for materials.
Note: Round your answer to decimal places.
d Using the weightedaverage method, compute the cost per equivalent unit for conversion.
Note: Round your answer to decimal places.
e Using the weightedaverage method, compute the cost assigned to ending Work in Process Inventory.
Note: Round your intermediate calculations to decimal places.
f Using the weightedaverage method, compute the cost assigned to goods completed and transferred out.
Note: Round your intermediate calculations to decimal places.
tablea Equivalent Units,b Equivalent Units,c Cost per Equivalent Unit,d Cost per Equivalent Unit,e Cost Assigned,f Cost Assigned,
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
