eBook Question Content Area There were 2,600 units in ending work in process inventory that were 100% complete with regard to material and 25% complete with regard to conversion costs. Ending work in process inventory had a cost of $10,400 and a per-unit material cost of $2. What was the conversion cost per unit using the weighted-average method? Conversion cost per unit $fill in the blank 1

eBook Question Content Area There were 2,600 units in ending work in process inventory that were 100% complete with regard to material and 25% complete with regard to conversion costs. Ending work in process inventory had a cost of $10,400 and a per-unit material cost of $2. What was the conversion cost per unit using the weighted-average method? Conversion cost per unit $fill in the blank 1

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 4EB: There were 1,500 units in ending work in process inventory that were 100% complete with regard to...

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A company has 100 units in ending work in process that are 40% complete after transferring out 750 Units. If the cost per unit is $5 for materials and $2.50 for conversion, what is the cost of units transferred out and in ending work in process inventory using the weighted-average method?
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eBook Show Me How Question Content Area There were 1,500 units in beginning inventory that were 40% complete with regard to conversion. During the month, 8,550 units were started and 8,800 were transferred to finished goods. The ending work in process was 80% complete with regard to conversion costs, and materials are added at the beginning of the process. What is the total amount of equivalent units for materials and conversion at the end of the month using the weighted-average method? Equivalent units of Materials fill in the blank 1 Equivalent units of Conversion fill in the blank 2
eBook Show Me How Question Content Area Equivalent Units of Conversion Costs The Rolling Department of Kraus Steel Company had 7,943 tons in beginning work in process inventory (20% complete) on October 1. During October, 61,100 tons were completed. The ending work in process inventory on October 31 was 5,499 tons (20% complete). What are the total equivalent units for conversion costs? Round to the nearest whole unit.fill in the blank 1 units
2. There were 2,400 units in ending work in process inventory that were 100% complete with regard to material and 25% complete with regard to conversion costs. Ending work in process inventory had a cost of $9,000 and a per-unit material cost of $2. What was the conversion cost per unit using the weighted-average method? PLEASE NOTE: For units, use commas as needed (i.e. 1,234). Costs per unit are rounded to two decimal places and shown with "$" and commas as needed (i.e. $1,234.56). All other dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345). Total work in process ? Cost per material ? Cost per conversion ? Equivalent units conversion ? Cost per unit conversion ?
eBook Show Me How Question Content Area Equivalent Units of Conversion Costs The Rolling Department of Kraus Steel Company had 4,400 tons in beginning work in process inventory (90% complete) on October 1. During October, 44,000 tons were completed. The ending work in process inventory on October 31 was 3,960 tons (30% complete). What are the total equivalent units for conversion costs? Round to the nearest whole unit.
eBook Given the following information, prepare a production report with materials added at the beginning and ending work in process inventory being 20% complete with regard to conversion costs. Costs to Account for Units to Account for Beginning inventory: materials $5,000 Beginning work in process 3,000 Beginning inventory: conversion 1,100 Units started into production 85,000 Direct material 25,620 Transferred out 83,000 Direct labor 35,000 Applied overhead 12,500 Transferred-in materials 8,100 Transferred-in conversion 10,200 Total costs to account for $97,520 Enter all amounts as positive values. If required round "Cost per unit" answers to two decimal places. Production Report Completed and transferred out fill in the blank 1 Ending work in process fill in the blank 2 Total units to account for fill in the blank 3 Work in process completion percent 100% 20% Material Units…