determined its \"cost per equivalent unit to be as follows (Click the icon to vi

Question

determined its "cost per equivalent unit to be as follows (Click the icon to view, the costs per equivalent unit.) . Determine the total cost that should be assigned to the following a. Units completed and transferred out b. Units in ending work in process inventory 2.What was the total costs accounted for? During the month, Tristan completed and transferred out 440,000 units to finished goods inventory. At month-end 80,000 partially complete units remained in ending work in process inventory. These partially completed units were equal to 73,000 equivalent units of direct materials and 46,000 equivalent units of conversion costs. 3. t was Tristan's average cost of making one unit of its product? 1a. Determine the costs that should be assigned to the units completed and transferred out. Tristan Company Month Ended December 31 Assigning Costs Direct Conversion Materials Costs Total a. Completed and transferred out: Equivalent units completed and transferred out Multiplied by: Cost per equivalent unit Costs assigned to units completed and transferred out

Explanation / Answer

a Direct materials Conversion costs Total Equivalent units completed and transferred out 440000 440000 Multiplied by: Cost per equivalent unit 4.6 2.5 Cost assigned completed and transferred out 2024000 1100000 3124000 b Direct materials Conversion costs Total Equivalent units in ending work in process, Dec 31 73000 46000 Multiplied by: Cost per equivalent unit 4.6 2.5 Cost assigned to ending work in process, Dec 31 335800 115000 450800 2 Total costs accounted for = 3124000+450800= $3574800 3 Tristan's cost of making one unit was $7.1(4.6+2.5)

Related Questions

Navigate

• Browse (All)
• Browse D
• Subjects

---

---

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