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Adams Company had 300 units of product in work in process inventory at the beginning of the period. It started 1,300 units during the period
Adams Company had 300 units of product in work in process inventory at the beginning of the period. It started 1,300 units during the period and transferred 1,100 units to finished goods inventory. The ending work in process inventory was estimated to be 60 percent complete. Cost data for the period follow: Beginning balance Added during period Total Product Costs $ 33,600 56,000 $ 89,600 Required a. Calculate the number of equivalent units of production. b. Calculate the product cost per equivalent unit. c. Calculate the total cost allocated between ending work process inventory and finished goods inventory. Complete this question by entering your answers in the tabs below. Req A and B ReqC Calculate the number of equivalent units of production. Calculate the product cost per equivalent unit. a. Equivalent units b. Cost per equivalent unit Adams Company had 300 units of product in work in process inventory at the beginning of the period. It started 1,300 units during the period and transferred 1,100 units to finished goods inventory. The ending work in process inventory was estimated to be 60 percent complete. Cost data for the period follow: Beginning balance Added during period Total Product Costs $ 33,600 56,000 $ 89,600 Required a. Calculate the number of equivalent units of production. b. Calculate the product cost per equivalent unit. c. Calculate the total cost allocated between ending work in process inventory and finished goods inventory. Complete this question by entering your answers in the tabs below. Req A and B Reg C Calculate the total cost allocated between ending work in process inventory and finished goods inventory. (Round intermediate calculations to 2 decimal places.) Cost Allocation To finished goods To ending work-in-process inventory Total allocated cost
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