Question
a. Beginning WIP was 1,200 units, 2,800 additional units were put into production, and ending WIP was 500 units. How many units were completed.(3,500) b.
a. Beginning WIP was 1,200 units, 2,800 additional units were put into production, and ending WIP was 500 units. How many units were completed.(3,500)
b. Material costs of $320,000 and conversion costs of $408,000 were charged to a processing department in the month of September. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. There were no units in beginning work in process,20,000 units were started into production in September, and there were 5,000 units in ending work in process that were 40% complete at the end of September. What was the total amount of manufacturing costs assigned to those units that were completed and transferred out of the process in September?9($600,000)
c. Wright Company had, at the beginning of 20XI, a WIP of 10,000 units. During 20XI, 57,500 additional units were started into production .Ending WIP on Dec 31,20XI was 7,500 units. The beginning WIP was 100 % complete as to Direct Materials and 75 % complete as to conversion cost. The ending WIP was 100% complete as to Direct Materials and 50 % complete as to conversion cost. Total direct Material; put into process cost $ 57,500.Total conversion cost put into process cost $ 84,375.Beginning WIP cost $ 21,250 ($13,250 for materials and $8,000 for conversion). All materials are added at the start of the production process, and conversion costs are incurred uniformly throughout manufacturing. Wright Company uses a Weighted-average process cost system. The cost per equivalent unit (rounded to the nearest cent) for conversion cost for 20X1 was ($ 1.45)
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