еBookShow Me HowCost of Units Transferred Out and Ending Work in ProcessThe costs per equivalent unit of direct materials and conversion in the Rolling Department of Kraus Steel Company are $1.95 and $0.35, respectively. Theequivalent units to be assigned costs are as follows:Equivalent UnitsDirect MaterialsConversionInventory in process, October 12,200Started and completed during October44,00044,000Transferred out of Rolling (completed)44,00046,200Inventory in process, October 314,0002,000Total units to be assigned costs48,00048,200The beginning work in process inventory on October 1 had a cost of $1,470. Determine the cost of completed and transferred-out production, the endingwork in process inventory, and the total costs assigned by the Rolling Department.Completed and transferred-out productionInventory in process, October 31Total costs assigned by the Rolling DepartmentPreviousNextCheck My Work 2 more Check My Work uses remaining.4:3我口中0 22/2a $%24%24

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Description: еBookShow Me HowCost of Units Transferred Out and Ending Work in ProcessThe costs per equivalent unit of direct materials and conversion in the Rolling Department of Kraus Steel Company are $1.95 and $0.35, respectively. Theequivalent units to be as

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Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Rolling Department of Kraus Steel Company are $1.95 and $0.35, respectively. equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion 2,200 Inventory in process, October 1 44,000 44,000 Started and completed during October 44,000 46,200 Transferred out of Rolling (completed) 4,000 2,000 Inventory in process, October 31 48,000 48,200 Total units to be assigned costs The beginning work in process inventory on October 1 had a cost of $1,470. Determine the cost of completed and transferred-out production, the endit work in process inventory, and the total costs assigned by the Rolling Department. Completed and transferred-out production $4 Inventory in process, October 31 Total costs assigned by the Rolling Department

Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Rolling Department of Kraus Steel Company are $1.95 and $0.35, respectively. equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion 2,200 Inventory in process, October 1 44,000 44,000 Started and completed during October 44,000 46,200 Transferred out of Rolling (completed) 4,000 2,000 Inventory in process, October 31 48,000 48,200 Total units to be assigned costs The beginning work in process inventory on October 1 had a cost of $1,470. Determine the cost of completed and transferred-out production, the endit work in process inventory, and the total costs assigned by the Rolling Department. Completed and transferred-out production $4 Inventory in process, October 31 Total costs assigned by the Rolling Department

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 6BE: The costs per equivalent unit of direct materials and conversion in the Rolling Department of Kraus...

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