ACCT.PRINCIPLES-WILEYPLUS NEXTGEN
ACCT.PRINCIPLES-WILEYPLUS NEXTGEN
14th Edition
ISBN: 9781119709954
Author: Weygandt
Publisher: WILEY
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Chapter 21, Problem 21Q
To determine

Job order costing:

Job order costing is a cost evaluation method that considers each job separate and assign cost to them. It is mostly applicable in the service industry wherein every job has a separate requirement.

To compute: The units transferred out.

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Production data show 35,920 units were transferred out of a stage of production and 6,150 units remained in ending WIP inventory that was 100% complete to material and 35% complete to conversion. The unit material cost is $5 for material and $8 for conversion. What is the amount of inventory transferred out and remaining in ending work in process inventory? Round to the whole unit and whole dollar, no decimals.Complete the tables below:Equivalent units data UnitsMaterialsConversionTransferred out35,920  Ending inventory6,150  Units accounted for, equivalent units    Cost dataTransferred out $ Ending work in process: materials  Ending work in process: conversion  Ending work in process: total  Costs to account for $
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