Process Cost Practice Quiz Part 1 The following information is related to the blending department 1 1,900 units in beginning WIP, 60 completed as to conversion costs 2 Direct Materials added 22,000 units 3 Goods completed and transferred total 21,800 units 4 All materials are added at the beginning of the process 5 Beginning WIP was $7,657 6 Cost of DM added during the month $77,000 7 Cost of DL added during the month $14,200 8 Factory overhead applied during the month $6,880 9 Ending WIP inventory is 20 completed as to conversion costs Required 1 Compute total units to be assigned costs 2 Compute Group 1 3 whole units and equivalent units 3 Compute cost per equivalent unit for materials and conversion costs 4 Using cost per equivalent unit above, determine (A) cost transferred out of WIP to next department and (B) cost assigned to ending WIP WIP Blending Dept Units Units A Beginning 1 900 Group 1 7,657 Beginning Cost to Complete Total DM Group 2 Start Compl DL FOH Total Completed Total Units Group 3 Ending Process Cost Practice Quiz Part 1 The following information is related to the blending department 1 1,900 units in beginning WIP, 60 completed as to conversion costs 2 Direct Materials added 22,000 units 3 Goods completed and transferred total 21,800 units 4 All materials are added at the beginning of the process 5 Beginning WIP was $7,657 6 Cost of DM added during the month $77,000 7 Cost of DL added during the month $14,200 8 Factory overhead applied during the month $6,880 9 Ending WIP inventory is 20 completed as to conversion costs Required 1 Compute total units to be assigned costs 2 Compute Group 1 3 whole units and equivalent units 3 Compute cost per equivalent unit for materials and conversion costs 4 Using cost per equivalent unit above, determine (A) cost transferred out of WIP to next department and (B) cost assigned to ending WIP WIP Blending Dept Units Units A Beginning 1 900 Group 1 7,657 Beginning Cost to Complete Total DM Group 2 Start Compl DL FOH Total Completed Total Units Group 3 Ending

Question

Process Cost Practice Quiz   Part 1 The following information is related to the blending department  1  1,900 units in beginning WIP, 60  completed as to conversion costs 2  Direct Materials added  22,000 units 3  Goods completed and transferred total 21,800 units 4  All materials are added at the beginning of the process  5  Beginning WIP was $7,657 6  Cost of DM added during the month  $77,000 7  Cost of DL added during the month  $14,200 8  Factory overhead applied during the month  $6,880 9  Ending WIP inventory is 20  completed as to conversion costs Required  1  Compute total units to be assigned costs 2  Compute Group 1 3 whole units and equivalent units 3  Compute cost per equivalent unit for materials and conversion costs 4  Using cost per equivalent unit above, determine (A) cost transferred out of WIP to next department and (B) cost assigned to ending WIP WIP Blending Dept  Units Units A Beginning 1 900 Group 1 7,657 Beginning Cost to Complete Total DM Group 2 Start   Compl  DL FOH Total Completed Total Units Group 3 Ending Process Cost Practice Quiz   Part 1 The following information is related to the blending department  1  1,900 units in beginning WIP, 60  completed as to conversion costs 2  Direct Materials added  22,000 units 3  Goods completed and transferred total 21,800 units 4  All materials are added at the beginning of the process  5  Beginning WIP was $7,657 6  Cost of DM added during the month  $77,000 7  Cost of DL added during the month  $14,200 8  Factory overhead applied during the month  $6,880 9  Ending WIP inventory is 20  completed as to conversion costs Required  1  Compute total units to be assigned costs 2  Compute Group 1 3 whole units and equivalent units 3  Compute cost per equivalent unit for materials and conversion costs 4  Using cost per equivalent unit above, determine (A) cost transferred out of WIP to next department and (B) cost assigned to ending WIP WIP Blending Dept  Units Units A Beginning 1 900 Group 1 7,657 Beginning Cost to Complete Total DM Group 2 Start   Compl  DL FOH Total Completed Total Units Group 3 Ending

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Process Cost Practice Quiz - Part 1 The following information is related to the blending department: 1. 1,900 units in beginning WIP, 60% completed as

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