Following is a partial process cost summary for Mitchell Manufacturing's Canning Department. Equivalent Units of Production Units Completed and transferred out Units in Ending Work in Process: Direct Materials Conversion 50,000 50,000 Direct Materials (15,000 * 100%) 15,000 Conversion (15,000 * 80%) Equivalent Units of Production 12,000 62,000 65,000 Cost per Equivalent Unit Costs of beginning work in process Costs incurred this period Total costs Cost per equivalent unit $ 40,500 $ 59,700 136,000 $176,500 $ 2.71 per EUP 183,100 $242,800 $ 3.92 per EUP If the units completed were transferred to the Labellng Department, what is the appropriate journal entry to transfer the conversion costs? Multiple Cholce Work In Process-Labeling $183,100: Work In Process-Canning $183,100. Work In Process-Labeling $196,000: Work In Process-Canning $196,000. The following refers to units processed by a breakfast cereal maker in August. Compute the total ea va en un s o production the welghted-average Inventory method. respect on or Au u n Percent of Beginning Work in Process Units started Units completed Ending work in Process Units of Conversion Product 207,000 550,000 613,100 143,900 Added 78% 100% 100% 70% Multiple Cholce 758,000 757,000 613100 Multiple Cholce 758,000 757,000 613,100 713,830 858.730 Richards Corporation uses the welghted-average method of process costing. The following information is avallable for October In Its Fabricating Department Beginning inventory: 86,000 units, 70% com plete as to materials and 25% complete as to conversion. Units started and completed: 262,000 Units completed and transferred out: 348,000. Ending inventory: 33,000 units, 40% complete as to materials and 10% complete as to conversion. Costs: Costs in beginning Work In Process- Direct Materials: $43,200 Costs In beginning Work In Process - Conversion: $85,700. Costs Incurred In October - Direct Materlals: $725,040. Costs Incurred In October - Converslon: $1,033,990. Calculate the cost per equvalent unit of conversion. Multiple Cholce $2.93 $2.87 Multiple Cholce $2.93 $2.87 $3.29 $3.09 $319 Following is a partial process cost summary for Mitchell Manufacturing's Canning Department. Equivalent Units of Production Units Completed and transferred out Units in Ending Work in Process: Direct Materials Conversion 50,000 50,000 Direct Materials (15,000 * 100%) 15,000 Conversion (15,000 * 80%) Equivalent Units of Production 12,000 62,000 65,000 Cost per Equivalent Unit Costs of beginning work in process Costs incurred this period Total costs Cost per equivalent unit $ 40,500 $ 59,700 136,000 $176,500 $ 2.71 per EUP 183,100 $242,800 $ 3.92 per EUP If the units completed were transferred to the Labellng Department, what is the appropriate journal entry to transfer the conversion costs? Multiple Cholce Work In Process-Labeling $183,100: Work In Process-Canning $183,100. Work In Process-Labeling $196,000: Work In Process-Canning $196,000. The following refers to units processed by a breakfast cereal maker in August. Compute the total ea va en un s o production the welghted-average Inventory method. respect on or Au u n Percent of Beginning Work in Process Units started Units completed Ending work in Process Units of Conversion Product 207,000 550,000 613,100 143,900 Added 78% 100% 100% 70% Multiple Cholce 758,000 757,000 613100 Multiple Cholce 758,000 757,000 613,100 713,830 858.730 Richards Corporation uses the welghted-average method of process costing. The following information is avallable for October In Its Fabricating Department Beginning inventory: 86,000 units, 70% com plete as to materials and 25% complete as to conversion. Units started and completed: 262,000 Units completed and transferred out: 348,000. Ending inventory: 33,000 units, 40% complete as to materials and 10% complete as to conversion. Costs: Costs in beginning Work In Process- Direct Materials: $43,200 Costs In beginning Work In Process - Conversion: $85,700. Costs Incurred In October - Direct Materlals: $725,040. Costs Incurred In October - Converslon: $1,033,990. Calculate the cost per equvalent unit of conversion. Multiple Cholce $2.93 $2.87 Multiple Cholce $2.93 $2.87 $3.29 $3.09 $319
