Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please give answers of 19 and 20 and provide how you get this. 000003 '3 chF10229 @ 4 96% G' H duo.duracuk Materials Conversion Work

Please give answers of 19 and 20 and provide how you get this.

image text in transcribed
000003 '3 chF10229 @ 4 96% G' H duo.duracuk Materials Conversion Work in process May 1 ............................ 13,800 3,740 st added during May ............................ 42,000 26,260 The mat cost per equivalent unit for May was: a) 5.02 b) 5.10 0) 5.12 d) 5.25 19. Baker Corporation uses the weighted-average method in its process costing system. The Assembly Department started the month with 8,000 units in its beginning work in process inventory that were 90% complete with respect to conversion costs. An additional 95,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 11,000 units in the ending work in process inventory of the Assembly Department that were 90% complete with respect to conversion costs. What were the equivalent units for conversion costs in the Assembly Department for the month? a) 94,700 b) 101,900 0) 98,000 d) 92,000 20. Stay Corporation uses the weighted-average method in its process costing system. The company's ending work in process inventory consists of 8,000 units, 60% complete with respect to materials and 80% complete with respect to conversion costs. If the total cost in this inventory is 200,000 and if the cost for materials is 16 per equivalent unit for the period, the conversion cost per equivalent unit of the production for the period must be: a) 19.25 b) 16.00 0) 22557 d) 23125 Continued Page 8 of 11 ECOS1151-WE01 Section B: Answer TWO questions from this section. 21. Data concerning Sumter Corporation's single product appear below: Per Unit Percent of Sales Selling price ............................... 220 100% Variable expenses ....................... 26-6 30% Contribution margin ...................... 154 70%

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

Managerial Accounting

Authors: Davis, Charles E., Elizabeth

1st Edition

0471699608, 978-0471699606

More Books

Students also viewed these Accounting questions

Question

Sketch and label the hierarchy of needs.

Answered: 1 week ago

Question

Food supply

Answered: 1 week ago

Question

Mortality rate

Answered: 1 week ago