Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The costs per equivalent unit of direct materials and conversion in the Filling Department of Eve Cosmetics Company are $2.20 and $1.10, respectively. The equivalent
The costs per equivalent unit of direct materials and conversion in the Filling Department of Eve Cosmetics Company are $2.20 and $1.10, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion 0 1,500 Inventory in process, beginning of period Started and completed during the period 30,000 30,000 30,000 31,500 Transferred out of Filling (completed) Inventory in process, end of period 3,000 1,200 Total units to be assigned costs 33,000 32,700 The beginning work in process inventory had a cost of $960. Determine the cost of completed and transferred-out production and the ending work in process inventory. If required, round to the nearest dollar. Completed and transferred-out production Inventory in process, ending
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