Samantha's Office Supplies manufactures desk organizers in its Processing Department. Direct materials are included at the inception of the production cycle and must be bundled in single kits for each unit. Conversior incurred eveniy throughout the production cycle. Inspection takes place as units are placed into production, After inspection, some units are spoiled due to undetectable material defects. Spoiled units generally constitute good units. Data provided for February 2020 are as follows: 51,300 units WIP, beginning inventory 2/1/2020 Direct materials (100% complete) Conversion costs (50% complete) 170,700 units Started during February Completed and transferred out 180,700 units 26.500 units WIP, ending inventory 2/28/2020 Direct materials (100% complete) Conversion costs (30% complete) Costs: WIP, beginning inventory Direct materials Conversion costs $280,000 80,800 408,800 264 800 Direct materials added Conversion costs added What are the direct matenial and conversion costs of all the units that were initially in the beginning work - in - process inventory and were subsequently shipped? Take into account the costs related to the completion of the conversion of the units during the month. Use the FIFO method of process costing. (Round any cost per unit calculations to the nearest cent.)
Samantha's Office Supplies manufactures desk organizers in its Processing Department. Direct materials are included at the inception of the production cycle and must be bundled in single kits for each unit. Conversior incurred eveniy throughout the production cycle. Inspection takes place as units are placed into production, After inspection, some units are spoiled due to undetectable material defects. Spoiled units generally constitute good units. Data provided for February 2020 are as follows: 51,300 units WIP, beginning inventory 2/1/2020 Direct materials (100% complete) Conversion costs (50% complete) 170,700 units Started during February Completed and transferred out 180,700 units 26.500 units WIP, ending inventory 2/28/2020 Direct materials (100% complete) Conversion costs (30% complete) Costs: WIP, beginning inventory Direct materials Conversion costs $280,000 80,800 408,800 264 800 Direct materials added Conversion costs added What are the direct matenial and conversion costs of all the units that were initially in the beginning work - in - process inventory and were subsequently shipped? Take into account the costs related to the completion of the conversion of the units during the month. Use the FIFO method of process costing. (Round any cost per unit calculations to the nearest cent.)
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter2: Accounting For Materials
Section: Chapter Questions
Problem 13P: Webster Company uses backflush costing to account for its manufacturing costs. The trigger points...
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