please show your work. Thank you. Use the following informarion t o answer quest
ID: 2551815 • Letter: P
Question
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Use the following informarion t o answer questions 19 and 20 Morgan Corporatian uses the weighted-average method in its process coaing system. This monts, dve beginming in the first processing department consisted of 800 units. The costs and percentage completion of these urins m inventory were bim Material Costs Conversion costs Cos 5.500 9,900 Percent Complete 50% 30% A total of 9,200 units were started and 8.200 units were transferred to the The following costs were incurred in the first processing deparment during the econd processing department durivng the Material costs Conversion costs 113,900 322,500 The ending inventory was 80% complete with respect to materials and 20% complete withrespect to converso 19 What is the total cost transferred from the first processing departmment to the next processing department! (Chs closest answer.) A. $ 101,564 B. $ 419.985 C. s436,400 D. $318,421 E S 451.800 2 Ya 20 What is the cost of ending work in process inventory in the first processing department? (Choose the A. S 15,400 B. S119,400 C. S31,815 D. S 332,400 E. S 101,564Explanation / Answer
Answer
19 B. $419985
First calculate the ending inventory
Beginning inventory 800
Started 9200
Total 10000
less completed 8200
ending inventory 1800
calculate the weighted average equivalent units:
Materials Conversion
Completed and transferred 8200 8200
(given)
Ending inventory
materials 1800 x .80 1440
conversion 1800 x .20 360
Weighted average EU 9640 8560
next calculate costs
beginning inventory 5500 9900
incurred during month 113900 322500
Total 119400 332400
next divide costs by EU 119400/9640 = 12.385892 for materials
332400/560 = 38.8317757 for conversion
add the two together 51.2176678 cost per EU
multiply by units completed x 8200
Total costs transferred $419985
20.C.31815
Total costs incurred 119400 materials
332400 conversion
451800
less EU costs from those completed (419985)
costs of ending wip $31,815
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