The costs per equivalent unit of direct materials and conversion in the Filling Department of Ivy Cosmetics Company are $2.30 and $1.45, respectively. The equivalent units to be assigned costs are as follows: Inventory in process, beginning of period Started and completed during the period Transferred out of Filling (completed) Inventory in process, end of period Total units to be assigned costs Equivalent Units Direct Materials 0 Completed and transferred out of production Inventory in process, ending 40,000 40,000 5,000 45,000 Conversion 2,800 40,000 42,800 3,000 45,000 The beginning work in process inventory had a cost of $1,740. Determine the cost of completed and transferred-out production and the ending work in process inventory. If required, round to the nearest dollar.

The costs per equivalent unit of direct materials and conversion in the Filling Department of Ivy Cosmetics Company are $2.30 and $1.45, respectively. The equivalent units to be assigned costs are as follows: Inventory in process, beginning of period Started and completed during the period Transferred out of Filling (completed) Inventory in process, end of period Total units to be assigned costs Equivalent Units Direct Materials 0 Completed and transferred out of production Inventory in process, ending 40,000 40,000 5,000 45,000 Conversion 2,800 40,000 42,800 3,000 45,000 The beginning work in process inventory had a cost of $1,740. Determine the cost of completed and transferred-out production and the ending work in process inventory. If required, round to the nearest dollar.

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Description: Please do not give solution in image format thanku Cost of Units Transferred Out and Ending Work in ProcessThe costs per equivalent unit of direct materials and conversion in the Filling Department of Ivy Cosmetics Company are $2.30 and $1.45, respec

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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