Question
could anyone please explain to me where i'm going wrong here??? i've provided my work in purple and highlighted my answers. i've redone it and
could anyone please explain to me where i'm going wrong here??? i've provided my work in purple and highlighted my answers. i've redone it and redone it again and checked the values, but i don't understand where i'm going wrong with the completed/transferred portion. can anyone please explain?
in case it's too small, it says:
Equivalent Units of Conversion Costs
The Filling Department of Eve Cosmetics Company had 4,400 ounces in beginning work in process inventory (60% complete). During the period, 73,400 ounces were completed. The ending work in process inventory was 5,100 ounces (70% complete).
What are the total equivalent units for conversion costs?
If required, round to the nearest unit.
MY ANSWER: 74,330 Units. Is this correct?
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Filling Department of Eve Cosmetics Company are $1.85 and $2.25, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion 1,800 46,000 46,000 Inventory in process, beginning of period Started and completed during the period Transferred out of Filling (completed) Inventory in process, end of period 46,000 6,000 52,000 47,800 2,400 50,200 Total units to be assigned costs The beginning work in process inventory had a cost of $1,060. Determine the cost of completed and transferred-out production and the ending work in process inventory. If required, round to the nearest dollar. X Completed and transferred-out production $ 193,710 Inventory in process, ending $ 16,500 1960- 1800 47,800 Direo Materious Conversion cost Total cost Inventary in Procese, besonans bal. T IP, to compiere Stage & completed during perida 46,000 46,000 Transferes out Eve company Y6000 IIP, end of Period G. 2,400 Total unts to be assidred costs $2.000 So,200 The cost per convalind untuk diren moperias and conversion coes ere $1.85 and $2.25, respectery. $ 1060 Ox $1.85 1, 800 Xaias 40 so 46000 x $185 46000 xaos 188.600 Transferred out Eve cosmens I IP, ens a Panas 6000 x $185 2400Xsaas 16,500 ?? 210,210 Total lengst be assigned arts. Equivalent Units of Conversion Costs The Filling Department of Eve Cosmetics Company had 4,400 ounces in beginning work in process inventory (60% complete). During the period, 73,400 ounces were completed. The ending work in process inventory was 5,100 ounces (70% complete). What are the total equivalent units for conversion costs? If required, round to the nearest unit. 74,330 unitsStep by Step Solution
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