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Data concerning a recent periods activity in the Prep Department, the first processing department in a company that uses process costing, appear below: Materials Conversion
Data concerning a recent periods activity in the Prep Department, the first processing department in a company that uses process costing, appear below: |
Materials | Conversion | |
Equivalent units of production in ending work in process | 2,090 | 810 |
Cost per equivalent unit | $14.56 | $6.03 |
|
A total of 21,200 units were completed and transferred to the next processing department during the period. |
Required: |
Compute the cost of the units transferred to the next department during the period and the cost of ending work in process inventory. |
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