Data concerning a recent period’s activity in the Prep Department, the first pro
ID: 2572395 • Letter: D
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:
A total of 20,200 units were completed and transferred to the next processing department during the period.
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 Equivalent units of production in ending work in process 2,040 900 Cost per equivalent unit $15.36 $5.73Explanation / Answer
cost of the units transferred units per unit rate total Material 20200 15.36 310272 conversion 20200 5.73 115746 Total cost 426018 Cost of ending work in process inventory. units per unit rate total Material 2040 15.36 31334.4 conversion 900 5.73 5157 Total cost 36491.4
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