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Can you please show me the steps because I am confused. Thank you Four Seasons Company makes snow blowers. 100% of the materials are added
Can you please show me the steps because I am confused. Thank you
Four Seasons Company makes snow blowers. 100% of the materials are added at the beginning of the process. This means that beginning and ending inventories are 100% complete with respect to DM. The conversion costs are uniformly incurred. The physical units in beginning inventory are 60% complete with respect to conversion costs and the ending inventory is 80% complete with respect to conversion costs. Other data for the month include: Beginning WIP inventory 200 units Units transferred out 290 units Units in ending inv. 170 units Conversion costs $223,000 Cost of direct materials $231,000 Beginning work-in-process costs: Materials $119,000 Conversion $136,000 Using the weighted average method, what is the cost per eu for conversion costs? 842.72 margin of error +/- 0.1 Four Seasons Company makes snow blowers. 100% of the materials are added at the beginning of the process. This means that beginning and ending inventories are 100% complete with respect to DM. The conversion costs are uniformly incurred. The physical units in beginning inventory are 70% complete with respect to conversion costs and the ending inventory is 30% complete with respect to conversion costs. Other data for the month include: Beginning WIP inventory 200 units Units transferred out 250 units Units in ending inv. 200 units Beginning work-in-process costs: Materials $126,000 Conversion $120,000 The DM cost/eu was determined to be $980 The CC cost/eu was determined to be $990. How much conversion cost is assigned to ending inventory using the weighted average method? 59,400 margin of error +/-0.1 Four Seasons Company makes snow blowers. 100% of the materials are added at the beginning of the process. This means that beginning and ending inventories are 100% complete with respect to DM. The conversion costs are uniformly incurred. The physical units in beginning inventory are 60% complete with respect to conversion costs and the ending inventory is 60% complete with respect to conversion costs. Other data for the month include: Beginning WIP inventory 200 units Units transferred out 280 units Units in ending inv. 200 units Beginning work-in-process costs: Materials $100,000 Conversion $113,000 The DM cost/eu was determined to be $890. The CC cost/eu was determined to be $1080. Using the weighted average method, how much conversion cost is assigned to units transferred out? 302,400 margin of error +/- 0.1 Four Seasons Company makes snow blowers. 100% of the materials are added at the beginning of the process. This means that beginning and ending inventories are 100% complete with respect to DM. The conversion costs are uniformly incurred. The physical units in beginning inventory are 80% complete with respect to conversion costs and the ending inventory is 70% complete with respect to conversion costs. Other data for the month include: Beginning WIP inventory 190 units Units transferred out 250 units Units in ending inv. 190 units Conversion costs $238,000 Cost of direct materials $235,000 Beginning work-in-process costs: Materials $129,000 Conversion $111.000 Using the FIFO method, what is the cost per eu for conversion costs? 1,030.3 margin of error +/- 0.1Step by Step Solution
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