Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The company has $26 material cost and $54 conversion costs per unit. All material costs are adde at the beginning of the process and conversion

image text in transcribedimage text in transcribed

The company has $26 material cost and $54 conversion costs per unit. All material costs are adde at the beginning of the process and conversion costs are added uniformly throughout the process In ending work-in-process inventory, there were 2,638 units which were 71% complete. What is the cost of ending work-in-process inventory? (Round to the nearest whole dollar and do not put a dollar sign in your answer.) Question 2 2 pts A department adds raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of January, there were no units in the beginning work in process inventory; 44,867 units were started into production in January; and there were 4,632 units that were 69% complete in the ending work in process inventory at the end of January. What were the equivalent units of production for conversion costs for the month of January? Round your final answer to the nearest whole number. A department adds raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of January, there were no units in the beginning work in process inventory; 27,329 units were started into production in January; and there were 5,153 units that were 62% complete in the ending work in process inventory at the end of January What were the equivalent units of production for conversion costs for the month of January? Round your final answer to the nearest whole number. 60,000 Question 4 2 pts There was $26,154 in beginning inventory in Work-in-Process Inventory-Packaging Account. During the period $2,436 direct labor, $1,929 direct material, and $19,851 manufacturing overhead was added during the period. If there was $1,000 left in ending inventory in the Work-in- Process Inventory-Packaging Account, how much inventory was completed and transferred out

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Accounting 2

Authors: OpenStax

1st Edition

0357366808, 9780357366806

More Books

Students also viewed these Accounting questions

Question

How do you think this problem should be treated?

Answered: 1 week ago

Question

Draw a picture consisting parts of monocot leaf

Answered: 1 week ago

Question

Describe six biases affecting perception.

Answered: 1 week ago

Question

State the three objectives of the book.

Answered: 1 week ago