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50. Assume the following information for the Milling Department: Milling Department Units Beginning work in process inventory 300 Units started into production during the period
50. Assume the following information for the Milling Department:
Milling Department | Units | ||
Beginning work in process inventory | 300 | ||
Units started into production during the period | 6,000 | ||
Units completed during the period and transferred to the next department | 5,730 | ||
Ending work in process inventory | ? | ||
Using the weighted-average method, how many units were in ending work in process inventory?
50. B
Assume the following information:
Percent Complete | ||||||||||||
Milling Department | Units | Materials | Conversion | |||||||||
Beginning work in process inventory | 200 | 40 | % | 30 | % | |||||||
Units started into production during March | 6,200 | |||||||||||
Units completed during the period and transferred to the next department | 5,800 | 100 | % | 100 | % | |||||||
Ending work in process inventory | 600 | 70 | % | 60 | % | |||||||
Milling Department | Materials | Conversion | ||||||
Cost of beginning work in process inventory | $ | 10,000 | $ | 15,000 | ||||
Costs added during the period | 287,000 | 385,000 | ||||||
Total cost | $ | 297,000 | $ | 400,000 | ||||
Using the weighted-average method, the cost per equivalent unit for materials is closest to:
50. C
Assume the following information:
Percent Complete | ||||||||
Milling Department | Units | Materials | Conversion | |||||
Beginning work in process inventory | 300 | 45 | % | 30 | % | |||
Units started into production during March | 6,100 | |||||||
Units completed during March and transferred to the next department | 5,800 | 100 | % | 100 | % | |||
Ending work in process inventory | 600 | 60 | % | 70 | % | |||
Using the weighted-average method, what is the equivalent units of production for conversion?
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