Data concerning a recent period's activity In the Prep Department, the first processing department In a company that usesprocess costing, appear below:MaterialsConversionEquivalent units in ending work in process inventoryCost per equivalent unit2,170$ 14.26920$ 4.83A total of 20,500 units were completed and transferred to the next processing department during the perlod.Requlred: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 materlals, conversion, and In total.(Round your final answers to the nearest whole doller amount.)MaterialsConversionTotal1. Cost of ending work in process inventory2. Cost of units transferred out

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Description: Data concerning a recent period's activity In the Prep Department, the first processing department In a company that usesprocess costing, appear below:MaterialsConversionEquivalent units in ending work in process inventoryCost per equivalent unit2,1

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Data concerning a recent perlod's activity in the Prep Department, the first processing department in a company that uses process costing, appear below. Materials Conversion Equivalent units in ending work in process inventory Cost per equivalent unit 2,17e 920 $ 14.26 $ 4.83 A total of 20,500 units were completed and transferred to the next processing department during the perlod. 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

Data concerning a recent perlod's activity in the Prep Department, the first processing department in a company that uses process costing, appear below. Materials Conversion Equivalent units in ending work in process inventory Cost per equivalent unit 2,17e 920 $ 14.26 $ 4.83 A total of 20,500 units were completed and transferred to the next processing department during the perlod. 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

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 7BE: In October, the cost of materials transferred into the Rolling Department from the Casting...

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