Data concerning a recent period\'s activity in the Prep Department, the first pr

Question

Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses process costing, appear below Nat erialdlllloonversioni $ 13.86 4.4 800 quivalent units in ending vork in process inventory Cost per equivalent unit A total of 20,100 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. Materials Conversion Total Cost of ending work in process inventory 2. Cost of units transferred out

Explanation / Answer

1 Cost of ending work in process inventory: Materials 27720 =2000*13.86 Conversion 3544 =800*4.43 Total 31264 2 Cost of units transferred out: Materials 278586 =20100*13.86 Conversion 89043 =20100*4.43 Total 367629

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