Exercise 21-08 a-c The Blending Department of Concord Company has the following cost and production data for the month of April. Costs: Work in process, April 1 Direct materials: 100% complete Conversion costs: 20% complete Cost of work in process, April 1 Costs incurred during production in April Direct materials Conversion costs Costs incurred in April $104,000 72,800 $176,800 $832,000 379,600 $1,211,600 Units transferred out totaled 17,680. Ending work in process was 1,040 units that are 100% complete as to materials and 40% complete as to conversion costs. Compute the equivalent units of production for (1) materials and (2) conversion costs for the month of April. Materials Conversion Costs The equivalent units of production Compute the unit costs for the month. Materials Conversion Costs Unit costs Determine the costs to be assigned to the units transferred out and in ending work in process. Transferred out Ending work in process Click if you would like to Show Work for this question: Open Show Work Question Attempts: Unlimited SAVE FOR LATER SUBMIT ANSWER Challenge Exercise 21-01 a, b1-b2, c (Part Level Submission) Sheridan University uses a process cost system to accumulate costs incurred in handling student applications in the admissions department. When an application is completed, it is forwarded to the appropriate academic department for final processing. The following processing and cost data pertain to March. 1. 2. 3. 4. Applications in process on March 1 Applications started in March Completed applications during March Applications still in process at March 31 were 100% complete as to materials (forms) and 80% complete as to conversion costs. 270 1,140 910 Beginning WIP: Direct materials Conversion costs $2,133 10,742 March costs: Direct materials Direct labor Overhead $7,596 40,086 10,742 Materials are the forms used in the application process, and these costs are incurred at the beginning of the process. Conversion costs are incurred uniformly during the process. (a) Determine the equivalent units of service (production) for materials and conversion costs. Equivalent Units Materials Conversion costs Click if you would like to Show Work for this question: Open Show Work CALCULATOR PRINTER VERSION BACK NEXT Exercise 21-06 a, b1-b2 (Part Level Submission) The Cutting Department of Sheffield Company has the following production and cost data for July. Production 1. $0 Transferred out 12,100 units. Started 4,200 units that are 60% complete as to conversion costs and 100% complete as to materials at July 31. Costs Beginning work in process Materials Labor Manufacturing overhead 68,460 18,405 21,800 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. (a) Determine the equivalent units of production for (1) materials and (2) conversion costs. Materials Conversion Costs Total equivalent units of production Click if you would like to Show Work for this question: Open Show Work Attempts: 0 of 15 used SAVE FOR LATER SUBMIT ANSWER (61) The parts of this question must be completed in order. This part will be available when you complete the part above