Figure 6-6 Mannassass Company manufactures chairs. The following information was

ID: 2403010 • Letter: F

Question

Figure 6-6

Mannassass Company manufactures chairs. The following information was given for the company:

units, beginning work in process 0

units started 20,000

units completed ?

units, ending work in process 4,000

cost of direct materials $220,000

cost of conversion $ 27,520

Materials in the ending inventory were 100 percent complete and conversion in the ending inventory was 30 percent complete.

38. Refer to Figure 6-6. What are the equivalent units for materials and conversion respectively?

20,000; 20,000

20,000; 16,000

20,000; 17,200

16,000; 14,000

39. Refer to Figure 6-6. What are the costs per unit for materials and conversion respectively?

$22; $4

$28.33; $5.27

$11; $1.60

$84; $68

40. Refer to Figure 6-6. What cost is assigned to ending work in process?

$45,920

$26,000

$100,000

$114,000

$45,920

$26,000

$100,000

$114,000

38) Equivalent unit of material = 16000+4000 = 20000 Units

Equivalent unit of conversion = 16000+(4000*30%) = 17200 Units

So answer is c) 20000 ; 17200

39) Cost per equivalent unit of material = 220000/20000 = 11

Cost per equivalent unit of conversion = 27520/17200 = 1.6

So answer is c) $11; $1.60

40) Cost assigned to ending work in process = (4000*11+1200*1.6) = 45920

So answer is a) $45920

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