Score: 0 of 2 pts 13 of 13 (10 complete) Score: 80%, 20 of 25 S20-10 (book/stati
ID: 2342401 • Letter: S
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Score: 0 of 2 pts 13 of 13 (10 complete) Score: 80%, 20 of 25 S20-10 (book/static) Assigned Media EQuestion Help The Mixing Department of Complete Foods had 62,000 equivalent units of materials for October Of the 62,000 units, 38,000 units were completed and transferred ta the next department, and 24,000 units were 20% complete Complete Foods's costs per equivalent unit of production are SO 75 for direct materials and SO 55 for conversion costs. All of the materials are added at the beginning of the process. Conversion costs are added evenly throughout the process and the company uses the weighted-average method Calculate the cost of the 38 000 units completed and transferred out and the 24,000 units, 20% complete in the ending work-inprocess inventory Complete Foods Production Cost Report Mixing Department (Partial) Month Ended October 31 Direct Conversion Tota Costs Materials Costs COSTS Costs accounted for Completed and transferred out Ending work-in-process Total costs accounted for Enter any number in the edit fields and then click Check Answer Clear All Check AnswerExplanation / Answer
Calculation of the cost of completed and transfered out and Ending WIP inventory
Complete Foods
Production Cost Report -Mixing Department (Partial)
Month Ended Oct 31
Costs Transfered in DM Conversion Cost Total Cost
Completed
and transfered
out NA 38000*$.75 38000*$.55
$28500 $20900 $49400
Ending WIP NA 24000*$.75 24000*10%*$.55
$18000 $1320 $19320
Total Cost accounted $46500 $22220 $68720
There fore Cost of Completed and transfered out is $49400 and Ending WIP inventory is $19320
Total Cost accounted for DM is $46500 and for Conversion Cost is $22220
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