Note: this question assumes the weighted average method of production costing To receive a fulgrade you must show your calculations The Planet Greenhouse produces winter growing pots for garden centres Materials and conversion costs in the Kin Handling Department are applied at various rates in the manufacturing process For September 2020, the begining work in process inventory in the lon Harding Department was 3,300 units that were 35% complete with respect to materials and 25% complete with respect to conversion costs. The ending work in process inventory was 6,800 units averaging 40% completion with respect to materials and 20% complete for conversion costs Production data shows that 95,000 unts were started in production during the month. Beginning work in process inventory costs included $12,543 for materiais and 10.440 for conversion costs. For the period, additional costs of 5580,650 for materials and $352,600 for conversion costs were added a How many units were completed and transferred out of the Kin Handing Department? (2 points) b. Calculate the number or equivalent units of materials for the period 2 points) C Calculate the number of equivalent units of conversion costs for the period. (2 points) d. What are the total costs that must be accounted for? 12 points) e. What is the cost per equivalent unit for material Pease provide your answer to 3 decimal places. (2 points 1. What is the cost per equilitent unit for conversion cost? Please provide your answer to 3 decimal places. (2 points) What was the cost of units completed and transferred out of the department points) Note: this question assumes the weighted average method of production costing To receive a fulgrade you must show your calculations The Planet Greenhouse produces winter growing pots for garden centres Materials and conversion costs in the Kin Handling Department are applied at various rates in the manufacturing process For September 2020, the begining work in process inventory in the lon Harding Department was 3,300 units that were 35% complete with respect to materials and 25% complete with respect to conversion costs. The ending work in process inventory was 6,800 units averaging 40% completion with respect to materials and 20% complete for conversion costs Production data shows that 95,000 unts were started in production during the month. Beginning work in process inventory costs included $12,543 for materiais and 10.440 for conversion costs. For the period, additional costs of 5580,650 for materials and $352,600 for conversion costs were added a How many units were completed and transferred out of the Kin Handing Department? (2 points) b. Calculate the number or equivalent units of materials for the period 2 points) C Calculate the number of equivalent units of conversion costs for the period. (2 points) d. What are the total costs that must be accounted for? 12 points) e. What is the cost per equivalent unit for material Pease provide your answer to 3 decimal places. (2 points 1. What is the cost per equilitent unit for conversion cost? Please provide your answer to 3 decimal places. (2 points) What was the cost of units completed and transferred out of the department points)
