This Question: 2 pts 5 of 10 (0 complete) ? This Quiz: 20 pts possi Boot Company

Question

This Question: 2 pts 5 of 10 (0 complete) ? This Quiz: 20 pts possi Boot Company uses the weighted-average method in its process costing system. The Packaging Department started the month with 230 units in process, started 1,430 units, and had 170 units in process at the end of the period. All materials are added at the beginning of the process, and conversion costs are incurred uniformly. The units in process at the end of the month are 60% complete with respect to conversion costs. During the month 1,490 units were completed and transferred out. The department incurred the following costs: (Click on the icon to view the costs ) For conversion costs, the equivalent units of production are OA. 1,660 units OB, 1.592 units OC. 1,430 units O D. 1,490 units

Explanation / Answer

Boot Company Equivalent Units of Production Direct Material Conversion Transferred to next department 1490 1490 Add: Ending WIP 170 102 Equivalent Units of Production 1660 1592 Cost per Equivalent Units Beginning WIP $                          800.00 $                   400.00 Cost added during the period $                       3,000.00 $               6,150.00 Total Cost $                       3,800.00 $               6,550.00 Cost per equivalent Units=(Total Cost)/Equivalent units of Production $                               2.29 $                        4.11 Ans (B) For Conversion cost, the equivalent units of production are 1592

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.