Answered step by step
Verified Expert Solution
Question
1 Approved Answer
QUESTION 31 Kellogg's uses a process cost accounting system to keep track of the costs of making cereal. Kellog's is keeping track of the cost
QUESTION 31 Kellogg's uses a process cost accounting system to keep track of the costs of making cereal. Kellog's is keeping track of the cost of the Cooking Department process. The Cooking Department adds all the materials at the beginning of the process and then incurs conversion costs evenly throughout the process. During November, the department added materials costing $213,500. The department was charged costs related to labor of $100,000 and overhead charges of $48,000. The department had beginning work in process inventory of $142,000 on November 1 , comprised of $120,000 of materials, $15,000 labor, and $7,000 overhead. Data related to physical units for November are: Instructions: Answer the following questions by filling in the blanks with the appropriate number. Do NOT use \$ Signs. FOR NUMBERS THAT HAVE DECIMALS, ONLY PRESENT 2 DECIMAL SPACES. Use COMMAS on Numbers. EXAMPLES: (NOT $10000 ) (NOT 10000.292) (NOT 10,000.00) (YES 10,000) (YES 5.70) 1) The number of physical units to account for in November are: units 2) The equivalent units of production for materials for the month of November are: units 3) The equivalent units of production for conversion costs for the month of November are: units 4) The unit cost for materials for November is: \$- 5) The unit cost for conversion costs for November is: $ 6) The total manufacturing cost per unit for November is: \$- 7) The total cost assigned to the 90,000 units that were transferred out of the process (Finished Goods) in November is: \$ 8) The total cost assigned to the remaining units in the Cooking Department (Ending Work in Process) at November 30 is: \$__ Click Save and Submit to save and submit. Click Save All Answers to save all answers
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started