Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

42-45) Burtard Chemical makes a variety of chemicals. The company uses process costing Materials are added at the end of the process. Conversion costs are

image text in transcribed

42-45) Burtard Chemical makes a variety of chemicals. The company uses process costing Materials are added at the end of the process. Conversion costs are added evenly throughout the process. The company has no beginning work-in-process inventory. The Mixing Department had the following data: Units started and completed Units started and 30% complete 8,000 2,500 Direct materials costs Direct labor costs Factory overhead costs $126,000 $31,250 $30,000 42) Compute the equivalent units for materials and conversion costs A) 2,400 units for materials and 2,500 units for conversion costs. B) My calculations are _units for materials and costs unit for conversion 43) Compute the cost per unit for materials and conversion costs. A) SS2.50 for materials and 512 for conversion costs B) My calculations are s for materials and S costs for conversion 44) Compute the cost of the goods completed and transferred. A5161.250 B) My calculation is 5 15) Compute the cost of the ending work-in-process inventory A) 561.250 My calculation is s

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions