Blue Spruce Company has gathered the following information. Units in beginning work in process inventory 20,500...
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Blue Spruce Company has gathered the following information. Units in beginning work in process inventory 20,500 Units started into production 94,300 Units in ending work in process inventory 24,600 Percent complete for conversion costs in ending work in process inventory 40% Costs (For units in Beg. Work in Process and Started into Production): Direct materials $149,240 Direct labor $193,028 Overhead $137,104 Materials are added at the beginning of the process. The company uses weighted-average process costing. G Your answer is correct. Compute equivalent units of production for materials and for conversion costs. Materials Conversion cost (b) eTextbook and Media Your answer is correct. 114,800 100,040 Determine the unit costs of production. (Round answers to 2 decimal places, e.g. 52.75.) Material cost $ 1.30 per unit Conversion cost $ 3.30 per unit (c) eTextbook and Media Your answer is incorrect. Show the assignment of costs to units completed and transferred out and to those still in process. Cost assigned to units completed and transferred out $ 320,670 Cost assigned to units in ending work in process inventory $ 81,180 Assistance Used Attempts: 3 of 3 used Attempts: 2 of 3 used Blue Spruce Company has gathered the following information. Units in beginning work in process inventory 20,500 Units started into production 94,300 Units in ending work in process inventory 24,600 Percent complete for conversion costs in ending work in process inventory 40% Costs (For units in Beg. Work in Process and Started into Production): Direct materials $149,240 Direct labor $193,028 Overhead $137,104 Materials are added at the beginning of the process. The company uses weighted-average process costing. G Your answer is correct. Compute equivalent units of production for materials and for conversion costs. Materials Conversion cost (b) eTextbook and Media Your answer is correct. 114,800 100,040 Determine the unit costs of production. (Round answers to 2 decimal places, e.g. 52.75.) Material cost $ 1.30 per unit Conversion cost $ 3.30 per unit (c) eTextbook and Media Your answer is incorrect. Show the assignment of costs to units completed and transferred out and to those still in process. Cost assigned to units completed and transferred out $ 320,670 Cost assigned to units in ending work in process inventory $ 81,180 Assistance Used Attempts: 3 of 3 used Attempts: 2 of 3 used
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Related Book For
Managerial Accounting
ISBN: 978-1260413984
4th edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
Posted Date:
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