Question
Kramer Corp. began the current period with 4,110 units in process that were 100% complete as to materials and 60% complete as to conversion. Costs
Kramer Corp. began the current period with 4,110 units in process that were 100% complete as to materials and 60% complete as to conversion. Costs of $7,620 in direct materials and $4,730 in conversion costs were incurred in manufacturing those units in the previous period. Kramer ended the current period with 20,900 units completed and 5,060 units still in process. Work in process was 100% complete as to materials and 70% complete as to conversion costs. Kramer incurred $69,200 in direct materials costs, $7,150 in direct labor costs, and $41,200 in manufacturing overhead costs during the period.
Kramer orp began the current period with 4.110 units n process hat were 100% complete as materials and 60% complete as n on osts of in direct material and $4,730 in conversion costs were incurred in manufacturing those units in the previous period. Kramer ended the current period with 20,900 units completed and 5,060 units still in process. Work in process was 100% complete as to materials and 70% complete as to conversion costs. Kramer incurred $69.200 in direct materials costs, $7,150 in direct labor costs, and $41,200 in manufacturing overhead costs during the period. Required a. Using the weighted average method, compute the equivalent units of production for materials. nits b. Using the weighted average method, compute the equivalent units of production for conversion. Equivalen nits c. Using the weighted average method, compute the cost per equivalent unit for materials. (Round your answer to 2 decimal places.) Cost per Equivalent d. Using the weighted average method, compute the cost per equivalent unit for conversion. (Round your answer to 2 decimal places.) st per Equivalen nit e. Using the weighted average method, compute the cost assigned to ending Work in Process Inventory. (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount.) Cost Assign ed f. Using the weighted average method, compute the cost assigned to goods completed and transferred out. (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount.) Cost AssignedStep by Step Solution
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