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Question 13 1. Blossom Company has two sequential processing departments: Assembly and Shaping. The Shaping Department reports the following information. Conversion costs are applied
Question 13 1. Blossom Company has two sequential processing departments: Assembly and Shaping. The Shaping Department reports the following information. Conversion costs are applied evenly throughout the process. Beginning WIP Inventory 15,000 units Direct materials costs in beginning WIP Inventory $42,377 Conversion costs in beginning WIP Inventory $19,250 Units started Units completed Costs added: materials Costs added: conversion Ending WIP Inventory (15% complete for materials and 30% complete for 46,000 units X Units $155,040 $315,299 5,000 units conversion) Don't include "$* or *.* in your answers, round Cost per equivalent Unit to 2 decimal points, round all other numbers to the nearest dollar. 1. Calculate the Equivalent Units of Production for Direct Materials and Conversion Costs Direct Materials: Conversion Costs 2. Calculate the Total Costs to be accounted for Direct Materials and Conversion Costs Direct Materials: Conversion Costs 3. Calculate the Cost per Equivalent Unit for Direct Materials and Conversion Direct Materials: Conversion Costs 4. Determine the Costs to be allocated to Completed Units and Ending Work-in-Process Completed Ending Work-in-Process Moving to another question will save this response
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