Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 6 (15 points) Alpha Company had the following information for FY 2017 Work in Process - 1/1/17 100,000 units Units Started into Production 575,000
Question 6 (15 points) Alpha Company had the following information for FY 2017 Work in Process - 1/1/17 100,000 units Units Started into Production 575,000 units Work in Process - 12/31/17 75,000 units Direct Material put into Production $575,000 Conversions Costs put into Production $843,750 The beginning work in process was 100% complete as to direct materials and 75% complete as to conversion costs. The ending work in process was 100% complete as to direct materials and 50% complete as to conversion costs. The beginning work in process consisted of Direct Material $100,000 Conversion Costs $112,500 Alpha Company uses the weighted-average method. Use this information to determine for FY 2017: (Round & enter final answers to: the nearest whole dollar for total dollar answers, nearest penny for unit costs or nearest whole number for units) 1. the equivalent units of production for direct materials 2. the cost per equivalent unit for materials 3. the equivalent units of production for conversion 4. the cost per equivalent unit for conversion 5. the cost that should be assigned to Alpha' work in process inventory at the end of FY 2017
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