Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

all under ONE question. please zoom in if needed and will gove thumbs up if all correct im able to read them, you just have

all under ONE question. please zoom in if needed and will gove thumbs up if all correct image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
im able to read them, you just have to zoom in thanks
Trek Company has the following production data for April: units transferred out 41,300, and ending work in process 5,250 units that are 100% complete for materials and 40% complete for conversion costs. If unit materials cost is $6 and unit conversion cost is $9. Determine the costs to be assigned to the units transferred out and the units in ending work in process. Transferred out Ending work in process $ Click if you would ke to Show Work for this question Open Show Work AL Production costs chargeable to the Finishing Department in June in Hollins Company are materials $12,040, labor $36,600, and overhead $18,246. Equivalent units of production are materials 21,500 and conversion costs 19,800. Compute the unit costs for materials and conversion costs. (Round answers to 2 decimal places, e.g. 2.25.) Materials cost per unit $ Conversion cost per unit Production costs chargeable to the finishing Department in June In Hollins Company are materials $14,630, labor $29,104, overhead $20,000. Equivalent units or prout materials 20,900 and conversion costs 19,500. Production records indicate that 18,700 units were transferred out, and 2,200 units in ending work in process were 50% complete as to conver costs and 100% complete as to materials Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, 6.9. 2.25 and final answers to decimal places, e.g. 125.) Cost Reconciliation Cost accounted for Transferred out Work in process Materials Conversion costs Total cost accounted for Work in Process-Painting 5/1 Balance 3,690 5/31 Transferred out 5/31 Materials 5,820 5/31 Labor 4,106 5/31 Overhead 1,200 5/31 Balance ? Production records show that there were 500 units in the beginning inventory, 30% complete, 1,700 units started, and 1,400 units transferred out. The beginning work in process had materials cost of $2,540 and conversion costs of $1,150. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process How many units are in process at May 31? Work in process, May 31 units What is the unit materials cost for May? (Round unit cost to 2 decimal places, e.: 2.25.) The unit materials cost for May $ What is the unit conversion cost for May? (Round unit cost to 2 decimal places, e.g. 2.25.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Accounting And Finance For Lawyers In A Nutshell

Authors: Charles Meyer

7th Edition

1647083001, 9781647083007

More Books

Students also viewed these Accounting questions