Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help! Cost of Units Transferred Out and Ending Work In Process The costs por equivalent unit of direct materials and conversion in the Rolling

Please help! image text in transcribed
Cost of Units Transferred Out and Ending Work In Process The costs por equivalent unit of direct materials and conversion in the Rolling Department of Kraus Steel Company are $1.20 and $1.45, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, October 1 0 3,600 Started and completed during October 52,000 52,000 Transferred out of Rolling (completed) 52,000 55,600 Inventory in process, October 31 4,000 2,000 Total units to be assigned costs 56,000 57,000 The beginning work in process inventory on October I had a cost of $2,450, Determine the cost of completed and transferred out production, the ending work in process inventory, and the total costs assigned by the Rolling Department Completed and transferred out production Inventory in proces, October 31 Total costs assigned by the Rolling Departement

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

Operational Auditing A Complete Guide

Authors: Gerardus Blokdyk

2019 Edition

0655515879, 978-0655515876

More Books

Students also viewed these Accounting questions