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these are two questions Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses process costing,
these are two questions
Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses process costing, appear below: ed Equivalent units in ending work in process inventory Materials Conversion 2,000 830 Cost per equivalent unit $ 14.56 $ 5.53 A total of 22,000 units were completed and transferred to the next processing department during the period. Required: 1. Compute the cost of ending work in process inventory for materials, conversion, and in total. 2. Compute the cost of the units completed and transferred out for materials, conversion, and in total, (For all requirements, round your final answers to the nearest whole dollar amount.) ok Materials Conversion Total 1. Cost of ending work in process inventory 2. Cost of units transferred out 3 Percent Completed Materials Conversion 704 405 Work in process, beginning Started into production Completed and transferred out Work in process, ending Units 70,000 460,000 450,000 80,000 754 25$ pped Work in process, beginning Cost added during June Materials $ 36,550 $ 391,850 Conversion $ 13,500 $ 287,300 Book Required: 1. Calculate the Blending Department's equivalent units of production for materials and conversion in June. 2. Calculate the Blending Department's cost per equivalent unit for materials and conversion in June. 3. Calculate the Blending Department's cost of ending work in process inventory for materials, conversion, and in total for June 4. Calculate the Blending Department's cost of units transferred out to the Bottling Department for materials, conversion, and in for June. 5. Prepare a cost reconciliation report for the Blending Department for June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Calculate the Blending Department's equivalent units of production for materials and conversion in June, Materials Conversion Equivalent units of production Required: 1. Calculate the Blending Department's equivalent units of production for materials and conversion in June, 2. Calculate the Blending Department's cost per equivalent unit for materials and conversion in June, 3. Calculate the Blending Department's cost of ending work in process inventory for materials, conversion, and in total for June 4. Calculate the Blending Department's cost of units transferred out to the Bottling Department for materials, conversion, and in total for June 5. Prepare a cost reconciliation report for the Blending Department for June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Regyred 5 Required Calculate the Blending Department's cost per equivalent unit for materials and conversion in June. (Round your answers to 2 decimal places.) Materials Conversion Cost per equivalent unit Required 3 > 5. Prepare a cost reconciliation report for the Blending Department for June. Complete this question by entering your answers in the tabs below. kipped Required 1 Required 2 Required 3 Required 4 Required 5 Book Prepare a cost reconciliation report for the Blending Department for June. (Round your intermediate calculations to 2 decimal places.) Blending Department Cost Reconciliation Costs to be accounted for 4 Total cost to be accounted for Costs accounted for as follows: Total cost accounted for Step by Step Solution
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