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QUESTION 16 Jumper Company uses the weighted-average method in its process costing system The following data pertain to operations in the first processing department
QUESTION 16 Jumper Company uses the weighted-average method in its process costing system The following data pertain to operations in the first processing department for April 202 Work in Process, April 1. Units started into production during the month Units completed and transferred out during the month. Work in process, April 30 Percent complete with respect to materials: Percent complete with respect to conversion.. Cost in the beginning Materials cost...... Conversion cost.. Costs added to production during the month: 400 nits 15,000 units 14,400 unite 7 units 80% 40% $ 1,800 3,300 Materials costs.. Conversion cost.. TOTAL COST FOR APRIL 97,000 215.000 $317.100 INSTRUCTIONS Answer the REQUIRED below. Strictly follow these specifications when inputting your answers: REQUIRED; Round S-amounts to the nearest S.01 (penny). This includes when performing your calculations AND when inputting your answers. (eg, input this Include the decimal point and cents on all dollar-amount answers. (eg, input this $3.00 NOT this-53) If a dollar amount answer is less than a $1, input-Sx.xx. (eg, input this 50.87, NOT-5.87) Include a S on all dollar-amount answers. (e.g., input this $5.77, NOT this-5.77) Include a comma on all numeric answers where applicable. (e.g. this 4,567, NOT this 4567 or this $7.455.00 NOT this-$7455) For each blank, ALL answers are one-word or one S-amount answers. Misspelled word answers are NOT forgiven. (eg, input this manufacture NOT this manufactor) 1. The equivalent units for materials equals units. 2. The equivalent units for conversion cost equals units. 3. The unit cost of materials per equivalent unit of materials is 4. The unit cost of materials per equivalent unit of conversion cost is 5. The total cost to be accounted for equals 6. The total cost of units transferred out equals 7. The number of units in process on April 30 equals 8. The total cost of the work-in-process on April 30 equals units.
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