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2 different questions In a process cost system, materials are added when the units are 45% complete, and conversion costs are incurred uniformly. EWIP is
2 different questions
In a process cost system, materials are added when the units are 45% complete, and conversion costs are incurred uniformly. EWIP is 40% complete. The following data are available from the records for the month of March: What are the EUP for materials and conversion costs for March based on the weighted-average method? Conversion Cost EUP irect material EUP Q Morv matelwh were perchases thin wwe used Question 21 An entity uses a process costing systern to account for a fwo-department operation. Materials are added at the start of processing in Departiment P and at the end of processing in Department Q. Department O's BWIP for Aprit consists of 6.000 units 662/3% complote. During the month, 24,000 units were transferred in from Department P, and 22,000 units were completed and tranalerred out. EWIP contains 8.000 units 50% completo. How mary EUP of transferred-in costs must be accounted for by Department Q for the month? Using FFO, 24,000, Using wolghted avoroge, 24,000, Using FIFO, 30,000 . Using woighted average, 22,000 Step by Step Solution
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