2 value 5.00 points Data concerning a recent period\'s activity in the Prep Depa

ID: 2552143 • Letter: 2

Question

2 value 5.00 points Data concerning a recent period's activity in the Prep Department, the first processing deprtment in a company that uses process costing, appear below Materials Conversion Equivalent units of production in ending work in process Cost per equivalent unit 2,090 $15.76 960 $5.23 A total of 20,900 units were completed and transferred to the next processing department during the period. Required: Compute the cost of the units transferred to the next department during the period and the cost of ending work in process inventory. (Round your final answers to the nearest whole dollar amount.) Materials Conversion Total Cost of ending work in process inventory Cost of units transferred out

Explanation / Answer

Solution:

Materials

Conversion

Total

Costs assigned to ending Work In Process Inventory

$32,938.40

(EUP for material 2090*Cost per Eq. Unit $15.76)

$5,020.80

(EUP 960 * Cost per equivalent unit $5.23)

$37,959

Cost of Units transferred out

$329,384.00

(20,900*15.76)

109307.00

(20900*5.23)

$438,691

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