G How many units must be in...图tiebyMy HomeCengageNOWv2| OnlieBookWhat are the total costs to àccount for if a company's beginning inventory had $231,436 in materials, $186,460 inconversion costs, and added direct material costs ($4,231,386), direct labor ($2,313,406), and manufacturingoverhead ($1,156,688)?Total costs $

Total costs to account for=Costs in beginning inventory+Costs incurred during the period

Answered: What are the total costs to account for…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 12EA: What are the total costs to account for if a companys beginning inventory had $231,432 in materials,...

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The following product costs are available for Kellee Company on the production of eyeglass frames: direct materials, $32,125; direct labor, $23.50; manufacturing overhead, applied at 225% of direct labor cost; selling expenses, $22,225; and administrative expenses, $31,125. The direct labor hours worked for the month are 3,200 hours. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? D. What is the total period cost? E. If 6.425 equivalent units are produced, what is the equivalent material cost per unit? F. What is the equivalent conversion cost per unit?
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During March, the following costs were charged to the manufacturing department: $14886 for materials; $14,656 for labor; and $13,820 for manufacturing overhead. The records show that 30,680 units were completed and transferred, while 2,400 remained in ending inventory. There were 33,080 equivalent units of material and 31,640 of conversion costs. Using the weighted-average method, what is the cost of inventory transferred and the balance in work in process inventory?
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What are the total costs to account for if a company's beginning inventory had $231,436 in materials, $186,460 in conversion costs, and added direct material costs ($4,231,386), direct labor ($2,313,406), and manufacturing overhead ($1,156,688)? Total costs $