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solutions and answers please Items 23 to 28 are based on the following information Viking Sports produces all of its products in one department. The
solutions and answers please
Items 23 to 28 are based on the following information Viking Sports produces all of its products in one department. The information for the current month is as follows: Beginning work in process 20,000 units Units started 40,000 units Units completed 50,000 units Ending work in process 8,000 units Spoilage 2,000 units Beginning work in process direct materials $12,000 Beginning work in process conversion $ 4,000 Direct materials added during month $60,000 Direct manufacturing labor during the month $20,000 Beginning work in process was half completed as to conversion. Direct materials are added at the beginning of the process. Factory overhead is applied at a rate equal to 50% of direct manufacturing labor. Ending work in process was 60% complete. All spoilage is normal and is detected at end of the process. Using weighted average method: 23. The equivalent costs of materials: A 50,000 B 52,000 C 58,000 D 60,000 E answer not given 24. The equivalent units conversion cost: A 50,000 B 52,000 C 54,000 D56,000 E answer not given 25. The cost cost per equivalent unit of materials and conversion costs: A $0.60 B $1.20 C$ 1.80 D $2.00 E answer not given 26. The total cost transferred-out: A $30,000 B $ 60,000 C $90,000 D $106,080 E answer not givenStep by Step Solution
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