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please help me with detailed solutions thanks KU Company produces a product that goes through three separate processes in three different departments respectively in sequential
please help me with detailed solutions thanks
KU Company produces a product that goes through three separate processes in three different departments respectively in sequential order. The following information pertains to Department ll for the month of October 20x4: Beginning inventory (WIP): 23.000 units (80% completed) Costs of beginning inventory (WIP) Transferred in costs (TIC) from Department I Direct Materials (DM) Conversion Costs (CC) $69,000 57,500 $ 92.000 $218,500 In Department Il, DM are added to the TIC in the following manner: 50% added at the start of the process 40% added mid-way through the process 10% added three quarter way through the process tober 20x4, Deparment I transterred lodbo unis to Department u units to Department II at the cost of $300,000. In addition, the following costs were added in Department ll in the month of October 20X4: Direct Materials (DM) Conversion Costs (CC) $246,250 $493,000 Endin At the end of October, 15,000 units were left in Department ll and they were 60% completed. NU COMPANY USES ONLY THE FIRST-IN-FIRST-OUT!FFOLMETHOD IN PROCESS COSTING. . Total equivalent units (EU) for DM are: 85,000 98,500 . 104,600 D. 121,500 E 123,000 2. The cost per EU for CC is: 02. 10 2 Pris de ai. IC 20 BUSe USs244 A. $2.50 B. $3.00 $5.00 $9.24 C. $4.2 3. The cost of finished goods transferred out in October 20x4 is $241,500 $785,400 B. C. $892,500 D. $1,026,900 $1,134,000 4. The cost of the ending inventory (WIP) is: A. $117,405 B. $120,450 $123,750 D. $127,500 E. $130,450 02 Step by Step Solution
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