
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Total physical units are 39500. Total conversion costs are $97250. There are 1200 units in ending inventory which are 50% complete as to conversion costs. What is the unit conversion cost?
$4.93.
$2.50.
$2.39.
$2.46.
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- Joy Inc. has started manufacturing 15,000 units of a product. Direct materials cost incurred was $235,000, direct labor cost incurred was $202,000, and applied factory overhead was $78,000. What is the amount of total conversion cost? Group of answer choices $515,000 $280,000 $437,000 $313,000arrow_forwardProduction data show 23,185 units were transferred out of a stage of production and 9,366 units remained in ending WIP inventory that was 100% complete to material and 52% complete to conversion. The unit material cost is $2 for material and $9 for conversion. What is the amount of inventory transferred out? Round to the nearest whole dollar, no decimals.arrow_forwardComplete (format as $1,234.56): Item: Brownies Total quantity bought = 40 Unit cost = $.70 Total cost = Markup % on cost = 40% Total sales = % that will spoil = 10% Selling price per unit =arrow_forward
- Production data show 27,626 units were transferred out of a stage of production and 7,834 units remained in ending WIP inventory that was 100% complete to material and 47% complete to conversion. The unit material cost is $8 for material and $4 for conversion. What is the amount of inventory transferred out? Round to the nearest whole dollar, no decimals.arrow_forwardAlpha places 900 units in production during the year. All 900 units are completed during the year. It had no beginning WIP inventory. Direct material costs added during the year were $81,000 and conversion costs were $9,000. 8) What is the Direct Material cost per equivalent unit for the year? 9) What is the Conversion Cost per equivalent unit for the year? 10) How much is Cost of Goods manufactured for the year? 11) Assume beginning FG inventory was 0 (zero) and that Alpha sold 10% of what it manufactured this year. How much is COGS?arrow_forwardGiven the following information: Prime Costs $ 11000 Conversion Costs $ 30000 Direct Materials Purchased $ 51000 Direct Materials Used $ 11000 Change in finished goods inventory $ 30000 increase Change in WIP $ 25000 decrease Calculate the total manufacturing costs.arrow_forward
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