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Following is a partial process cost summary for Mitchell Manufacturing's Canning Department. Equivalent Units of Production Direct Materials Conversion Units Completed and transferred out 80,000
Following is a partial process cost summary for Mitchell Manufacturing's Canning Department.
Equivalent Units of Production | Direct Materials | Conversion | ||||||||
Units Completed and transferred out | 80,000 | 80,000 | ||||||||
Units in Ending Work in Process: | ||||||||||
Direct Materials (12,000 100%) | 12,000 | |||||||||
Conversion (12,000 70%) | 8,400 | |||||||||
Equivalent Units of Production | 92,000 | 88,400 | ||||||||
Cost per Equivalent Unit | ||||||||||
Costs of beginning work in process | $ | 41,800 | $ | 61,500 | ||||||
Costs incurred this period | 140,100 | 188,500 | ||||||||
Total costs | $ | 181,900 | $ | 250,000 | ||||||
Cost per equivalent unit | $ | 1.98 | per EUP | $ | 2.83 | per EUP | ||||
The total conversion costs transferred out of the Canning Department equals:
Multiple Choice
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$250,172.
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$250,000.
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$188,500.
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$181,900.
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$226,400.
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