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Use the following data for Question 5 and 6 Data concerning a recent period'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 2,100 870 $14.96 $5.53 A total of 22,000 units were completed and transferred to the next processing department during the period. Compute the cost of the units completed and transferred out in terms of conversion. $329,120 $450,780 $22,000 O $121,660 6 2 points Compute the cost of ending work in process inventory in total. O $31,416 O $4,811 O $36,227 O $38,000

Use the following data for Question 5 and 6 Data concerning a recent period'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 2,100 870 $14.96 $5.53 A total of 22,000 units were completed and transferred to the next processing department during the period. Compute the cost of the units completed and transferred out in terms of conversion. $329,120 $450,780 $22,000 O $121,660 6 2 points Compute the cost of ending work in process inventory in total. O $31,416 O $4,811 O $36,227 O $38,000

Managerial Accounting
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 23E: The following information concerns production in the Finishing Department for May. The Finishing...
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Use the following data for Question 5 and 6 Data concerning a recent period'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 2,100 870 $14.96 $5.53 A total of 22,000 units were completed and transferred to the next processing department during the period. Compute the cost of the units completed and transferred out in terms of conversion. O $329,120 O $450,780 O $22,000 O $121,660 6 2 points Compute the cost of ending work in process inventory in total. O $31,416 O $4,811 O $36,227 $38,000
Transcribed Image Text:Use the following data for Question 5 and 6 Data concerning a recent period'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 2,100 870 $14.96 $5.53 A total of 22,000 units were completed and transferred to the next processing department during the period. Compute the cost of the units completed and transferred out in terms of conversion. O $329,120 O $450,780 O $22,000 O $121,660 6 2 points Compute the cost of ending work in process inventory in total. O $31,416 O $4,811 O $36,227 $38,000
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