Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q20: Data for the Packaging Department for the period is as follows: Units transferred out of the department during the period, 800; Units in ending

Q20: Data for the Packaging Department for the period is as follows: Units transferred out of the department during the period, 800; Units in ending Work in Process, 200, Direct Materials 100% Complete, Conversion Costs 50% Complete. The cost per equivalent unit for direct materials is $8.00; and for conversion costs is $22.80. What is the total cost of materials in the ending inventory? Explain how you computed this amount.

Q21: Data for the Packaging Department for the period is as follows: Units transferred out of the department during the period, 800; Units in ending Work in Process, 200, Direct Materials 100% Complete, Conversion Costs 50% Complete. The cost per equivalent unit for direct materials is $8.00; and for conversion costs is $22.80. What is the total cost of conversion in the ending inventory? Explain how you computed this amount.

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

Content Audits And Inventories A Handbook

Authors: Paula Ladenburg Land

1st Edition

1937434389, 978-1937434380

More Books

Students also viewed these Accounting questions