At the end of the month, Herbicida calculated equivalent units of production in the Mixing Department as shown below Equivalent Units Direct Materials Costs Equivalent Units Conversion Costs 32,000 UNITS Units accounted for Completed and transferred out Ending work-in-process 32,000 OA. $32,000 OB. $192,000 OC. $160,000 OD. $352,000 7,000 39,000 7,000 39,000 32,000 4,200 36,200 The cost per equivalent unit of production using the weighted - average method is $6 for direct material costs and 55 for conversion costs. What is the cost of units completed and transferred out?

At the end of the month, Herbicida calculated equivalent units of production in the Mixing Department as shown below Equivalent Units Direct Materials Costs Equivalent Units Conversion Costs 32,000 UNITS Units accounted for Completed and transferred out Ending work-in-process 32,000 OA. $32,000 OB. $192,000 OC. $160,000 OD. $352,000 7,000 39,000 7,000 39,000 32,000 4,200 36,200 The cost per equivalent unit of production using the weighted - average method is $6 for direct material costs and 55 for conversion costs. What is the cost of units completed and transferred out?

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Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 5PB: Ardt-Barger has a beginning work in process inventory of 5.500 units and transferred in 25,000 units...

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The records of Burris Inc. reflect the following data: Work in process, beginning of month2,000 units one-half completed at a cost of 1,250 for materials, 675 for labor, and 950 for overhead. Production costs for the monthmaterials, 99,150; labor, 54,925; factory overhead, 75,050. Units completed and transferred to stock38,500. Work in process, end of month3,000 units, one-half completed. Compute the months unit cost for each element of manufacturing cost and the total per unit cost.
The records of Stone Inc. reflect the following data: Work in process, beginning of month4,000 units one-fourth completed at a cost of 2,500 for materials, 1,400 for labor, and 1,800 for overhead. Production costs for the monthmaterials, 130,000; labor, 70,000; and factory overhead, 82,000. Units completed and transferred to stock45,000. Work in process, end of month5,000 units, one-half completed. Compute the months unit cost for each element of manufacturing cost and the total per unit cost. (Round unit costs to three decimal places.)
A production department within a company received materials of $10,000 and conversion costs of $10,000 from the prior department. It added material of $27,200 and conversion costs of $53,000. The equivalent units are 20,000 for material and 18,000 for conversion. What is the unit cost for materials and conversion?
K-Briggs Company uses the FIFO method to account for the costs of production. For Crushing, the first processing department, the following equivalent units schedule has been prepared: The cost per equivalent unit for the period was as follows: The cost of beginning work in process was direct materials, 40,000; conversion costs, 30,000. Required: 1. Determine the cost of ending work in process and the cost of goods transferred out. 2. Prepare a physical flow schedule.
Refer to the data in Problem 6.31. Assume that the FIFO method is used. Required: 1. Prepare a physical flow schedule. 2. Calculate equivalent units of production for direct materials and conversion costs. 3. Compute unit cost. Round to three decimal places. 4. Calculate the cost of goods transferred to Painting at the end of the month. Calculate the cost of ending inventory.
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