At the end of November, work in process inventory consists of 181,000 units that are 80% complete with respect to conversion. Beginning work in process inventory had $559,260 of direct materials and $206,955 of conversion cost. The direct material cost added in November is $3,742,740, and the conversion cost added is $3,932,145. Beginning work in process consisted of 63,000 units that were 100% complete with respect to direct materials and 80% complete with respect to conversion. Of the units completed, 63,000 were from beginning work in process and 712,000 units were started and completed during the period. . Compute the direct material cost and the conversion cost assigned to units completed and transferred out and ending work in rocess inventory. (Round "Cost per EUP" to 2 decimal places.) Cost of units transferred out: EUP Cost per EUP Total cost Direct materials Conversion Total costs transferred out Costs of ending work in process EUP Cost per EUP Total cost Direct materials Conversion Total costs of ending work in process Total costs accounted for
At the end of November, work in process inventory consists of 181,000 units that are 80% complete with respect to conversion. Beginning work in process inventory had $559,260 of direct materials and $206,955 of conversion cost. The direct material cost added in November is $3,742,740, and the conversion cost added is $3,932,145. Beginning work in process consisted of 63,000 units that were 100% complete with respect to direct materials and 80% complete with respect to conversion. Of the units completed, 63,000 were from beginning work in process and 712,000 units were started and completed during the period. . Compute the direct material cost and the conversion cost assigned to units completed and transferred out and ending work in rocess inventory. (Round "Cost per EUP" to 2 decimal places.) Cost of units transferred out: EUP Cost per EUP Total cost Direct materials Conversion Total costs transferred out Costs of ending work in process EUP Cost per EUP Total cost Direct materials Conversion Total costs of ending work in process Total costs accounted for
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 1CMA: During December, Krause Chemical Company had the following selected data concerning the manufacture...
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