Question: Trapp Corporation uses the weighted average method in its process costing system. The beginning work in process inventory in its Painting Department consisted of 3,000

 Trapp Corporation uses the weighted average method in its process costing

Trapp Corporation uses the weighted average method in its process costing system. The beginning work in process inventory in its Painting Department consisted of 3,000 units that were 70% complete with respect to materials and 60% complete with respect osts. 10,000 units were started in production. The cost of the beginning work in process inventory in the department was recorded as $10,000. Ending work in process inventory had 4,000 units which were 90% complete with respect to material and 85% complete with respect to conversion costs. If the costs per equivalent unit for the period were $2.00 for material and $3.00 for conversion costs. The cost of units transferred out during the month was: 42000 none of the above 45000 Question 29 5 pts At a volume of 20,000 units, Reynolds Company incurred $175,000 in factory overhead costs, including $12,000 in fixed costs. If volume increases to 22,000 units and both 20,000 units and 22000 units are within the relevant range, then: What is the variable cost per unit 8.15 No answer text provided. none of the above .0

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

\f