Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses proces costing, appear below: Equivalent units in ending work in process inventory Cost per equivalent unit Materials Conversion 2,140 980 $ 14.16 $ 4.93 A total of 20,500 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. (For all requirements, round your final answers to the nearest whole dollar amount.) 1. Cost of ending work in process inventory 2. Cost of units transferred out Materials Conversion Total

Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses proces costing, appear below: Equivalent units in ending work in process inventory Cost per equivalent unit Materials Conversion 2,140 980 $ 14.16 $ 4.93 A total of 20,500 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. (For all requirements, round your final answers to the nearest whole dollar amount.) 1. Cost of ending work in process inventory 2. Cost of units transferred out Materials Conversion Total

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Description: Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses processcosting, appear below:980Equivalent units in ending work in process inventoryCost per equivalent unit$ 4.93A total of 20

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 15E: Costs per equivalent unit and production costs Based on the data in Exercise 17-14, determine the...

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