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Use the following information to answer the next 2 questions Sentry Inc. manufactures a product that passes through two processing departments; Cutting and Assembly. All
Use the following information to answer the next questions
Sentry Inc. manufactures a product that passes through two processing departments;
Cutting and Assembly. All direct materials are added at the beginning of each of the
production process and conversion costs are added uniformly throughout each production
process. During March, the company's Cutting Department started production of
units. The Cutting Department had units in process at the beginning of the month
complete with respect to conversion and units in process at the end of the
month complete with respect to conversion The FIFO method of process costing is
used by Sentrys Cutting Department. The following information relates to the Cutting
Department for March:
Cost in Beginning
Work in Process
Costs added in
March
Direct Materials $ $
Conversion costs $ $
point What was the conversion cost per equivalent unit for February in the Cutting
department? Round to the nearest penny
a $
b $
c $
d $
e $
f $
g $
h None of the above
points What is the cost of the goods transferred out of the Cutting department into
the Assembly department during March? Round the cost per equivalent unit to
the nearest penny
a $
b $
c $
d $
e $
f $
g $
h None of the above
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