The costs per equivalent unit of direct materials and conversion in the Mixing D

Question

The costs per equivalent unit of direct materials and conversion in the Mixing Department of Marvelous Marshmallow Company are $0.45 and $0.15, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period Started and completed during the period Transferred out of Filling (completed) Inventory in process, end of period Total units to be assigned costs 0 38,800 38,800 6,200 45,000 1,200 38,800 40,000 2,480 42,480 The beginning work in process inventory had a cost of $25,000. Determine the cost of completed and transferred-out production and the ending work in process inventory Use the table on the following page to complete

Explanation / Answer

material Conversion Total Inventory in process, beginning 25000 To complete inventory in process 0 180 180 Cost of completed beginning WIP 25180 Started and Completed 17460 5820 23280 Transferred 48460 Inventory in process, ending 2790 372 3162 Total cost assigned by Deptt 51622

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

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