Answered step by step
Verified Expert Solution
Question
1 Approved Answer
For required tab 3 I put materials= 55,500(185,000 x .3) converstion = 356,000 (178,000 x 2.00) total = 411,500 But it said that my answers
For required tab 3 I put
materials= 55,500(185,000 x .3)
converstion = 356,000 (178,000 x 2.00)
total = 411,500
But it said that my answers were wrong, can you please explain
Return to question beginning of processing in that department. Data for May for the first production department follow: Units 5,000 10,000 20 points Work in process inventory, May 1 Work in process inventory, May 31 Materials cost in work in process inventory, May 1 Conversion cost in work in process inventory, M Units started into production Units transferred to the next production department Materials cost added during May Conversion cost added during May Percent Complete Materials Conversion 100 % 40 % 100 % 30 % $ 1,500 $ 4,000 180,000 175,000 $ 54,000 $ 352,000 Required: 1. Calculate the first production department's equivalent units of production for materials and conversion for May. 2. Compute the first production department's cost per equivalent unit for materials and conversion for May. 3. Compute the first production department's cost of ending work in process inventory for materials, conversion, and in total for May. 4. Compute the first production department's cost of the units transferred to the next production department for materials, conversion, and in total for May. Answer is not complete. Complete this question by entering your answers in the tabs below. Required i Required 2 Required 3 Required 4 Compute the first production department's cost of ending work in process inventory for materials, conversion, and in total for May. Materials Conversion Total Cost of ending work in process inventoryStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started