Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

eBook Show Me How Calculator Equivalent Units of Conversion Costs The Filing Department of Eve Cosmetics Company had 4,600 ounces in beginning work in process

image text in transcribed
image text in transcribed
eBook Show Me How Calculator Equivalent Units of Conversion Costs The Filing Department of Eve Cosmetics Company had 4,600 ounces in beginning work in process inventory (80% complete). During the period, 50,900 ounces were completed. The ending work in process inventory was 4,100 ounces (30% complete). What are the total equivalent units for conversion costs? If required, round to the nearest unit. units Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Filing Department of Eve Cosmetics Company are $0.50 and $2.40, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 0 2,600 Started and completed during the period 51,000 51,000 Transferred out of Filing (completed) 51,000 53,600 Inventory in process, end of period 6,000 3,600 Total units to be assigned costs 57.000 57,200 The beginning work in process inventory had a cost of $1,850. Determine the cost of completed and transferred-out production and the ending work in process inventory. If required, round to the nearest dollar, Completed and transferred-out production Inventory in process, ending Previous Next Check My Work 2 more Check My Working

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

Sound Investing, Chapter 25 - Change In Auditors

Authors: Kate Mooney

3rd Edition

0071719474, 9780071719476

More Books

Students also viewed these Accounting questions