Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Multiple questions about finding costs and totals during manufacturing A unit of production is a 1,000 bag of crickets. For example in the brooder department

Multiple questions about finding costs and totals during manufacturing

image text in transcribed A unit of production is a 1,000 bag of crickets. For example in the brooder department process, there were 6,000 physical units in June in the beginning work-in-process inventory; which are 6,000 bags (each one of those bags contains 1,000 crickets). The following information is available for the brooding department during June for Aspire Food Group. Beginning work in process inventory: Units in beginning work in process inventory Materials costs Conversion costs Percentage complete with respect to materials Percentage complete with respect to conversion Units started into production during the month Materials costs added during the month Conversion costs added during the month Ending work in process inventory: Units in ending work in process Percentage complete with respect to materials Percentage complete with respect to conversion 6,000 bags $38,015 $7,700 70% 40% 23,000 bags $166,870 $51,527 9,000 bags 75% 45% 1. What are the total units started and completed during the month? : 2. What are the total units transferred out during the month? 3. What are the equivalent units for materials for the month in the first processing department? 4. What are the equivalent units for conversion costs for the month in the first processing department? 5. The cost per equivalent unit for materials for the month in the first processing department is closest to: 6. The cost per equivalent unit for conversion costs for the first department for the month is closest to: 7. The cost per equivalent whole unit for the month in the first processing department is closest to: 8. The total cost assigned to beginning inventory is closest to: 9. The total cost transferred from the first processing department to the next processing department during the month is closest to

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cornerstones Of Cost Accounting

Authors: Don Hansen, Maryanne M. Mowen

1st Edition

053873678X, 978-0538736787

More Books

Students also viewed these Accounting questions

Question

The quality of the proposed ideas

Answered: 1 week ago

Question

The number of new ideas that emerge

Answered: 1 week ago