Data concerning a recent period\'s activity in the Prep Department, the first pr

Question

Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses process costing, appear below: Materials Conversion Equival ent mits in ending work in process invent ory Cost per equivalent unit 2, 200 13.96 4.63 900 A total of 20,700 units were completed and transferred to the next processing department during the period. Required 1. Compute the cost of ending work in process inventory for materials, conversion, and in total 2. Compute the cost of the units completed and transferred out for materials, conversion, and in total Round your final answers to the nearest whole dollar amount.) Materials Conversion Total 1. Cost of ending work in process inventory 2. Cost of units transferred out

Explanation / Answer

Materials Conversion Total Cost of ending work in process inventory 30712 4167 34879 =2200*13.96 =900*4.63 Materials Conversion Total Cost of units transferred out 288972 95841 384813 =20700*13.96 =20700*4.63

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