Vaughan Company uses a process costing system to account for unit costs. The following information is available for May: DM% CC% 10,000 units Beginning WIP Inventory (cost DM = $26,550 CC = | 70% 50% $42,750) Units started in May 80,000 units Ending WIP 5,000 units 70% 10% Direct materials added during May were $238,950 and direct labor used in May was $149,625. Vaughan Company applies FOH based on 100% of DL$. Vaughan Company uses the weighted average method of accounting for equivalent units of production. 1. The number of units transferred to the next department in May are [ Select ] 2. The equivalent units of production for direct materials in May are: [Select] 3. The cost per unit of direct materials coming out of this department in May is [ Select ] 4. The total amount of dollars transferred from this department to the next department during May is [ Select] 5. The dollar amount of ending WIP in the department at the end of May is [ Select ]
Vaughan Company uses a process costing system to account for unit costs. The following information is available for May: DM% CC% 10,000 units Beginning WIP Inventory (cost DM = $26,550 CC = | 70% 50% $42,750) Units started in May 80,000 units Ending WIP 5,000 units 70% 10% Direct materials added during May were $238,950 and direct labor used in May was $149,625. Vaughan Company applies FOH based on 100% of DL$. Vaughan Company uses the weighted average method of accounting for equivalent units of production. 1. The number of units transferred to the next department in May are [ Select ] 2. The equivalent units of production for direct materials in May are: [Select] 3. The cost per unit of direct materials coming out of this department in May is [ Select ] 4. The total amount of dollars transferred from this department to the next department during May is [ Select] 5. The dollar amount of ending WIP in the department at the end of May is [ Select ]
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 21E: Ellerson Company provided the following information for the last calendar year: During the year,...
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