Question
Units Materials Conversion Work in process inventory, beginning 10,000 $5,700 $20,400 Units started in process 90,000 Units transferred out 84,000 Work in process inventory, ending
Units | Materials | Conversion | |
Work in process inventory, beginning | 10,000 | $5,700 | $20,400 |
Units started in process | 90,000 | ||
Units transferred out | 84,000 | ||
Work in process inventory, ending | 8,000 | ||
Costs added during the month | $52,800 | $76,400 |
The beginning work in process inventory was 80% complete with respect to materials and 60% complete for Conversion. The ending work in process inventory was 75% complete with respect to materials and 50% complete with respect to conversion costs.
5) What are the equivalent units for Materials and Conversion?
a). Materials 84,000, Conversion 84,000 c.) Materials 98,000, Conversion 96,000 b.)Materials 92,000, Conversion 90,000 d.) Materials 90,000, Conversion 88,000
6) What is your cost per Equivalent Unit based on what you calculated in question 5 above? Materials ____________ + Conversion ______________ = Total Cost ___________________
7) What is your recalculated cost of Ending Inventory?
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a. $8,300 b. $155,300 c.$14,000 d.154,000 .
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8) What is your cost of Goods Transferred?
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a. $157,500 b.147,000 c. $14,000 d. $155,300
Prepare a Cost Reconciliation report for the information related to problems 5 through 8.
Please show work for each problem!
Those units are all i was given
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