Required information consiaer tne tolowing inrormation rrom tne recoras or wilet

Question

Required information consiaer tne tolowing inrormation rrom tne recoras or wilette Lorporation, ine company uses tne weigntea-average m Bottling Department Equivalent units in ending work in process for materials Equivalent units in ending work in process for conversion Units transferred out during May Cost per equivalent units for materials Cost per equivalent units for conversion 1,500 1,300 8, 5ee s 4 s 3 Knowledge Check 01 What is the Bottling Department's cost of ending work in process inventory? O $9.100 O $9,500 $9,900 O $10,500 ge Check 02 Kn What is the cost of the units transferred out of the Bottling Department during May? O $34,000 O $59,500 e to search

Explanation / Answer

Check 1 (A) (B) (A)*(B) Units Cost per Equivalent units Bottling department cost of ending WIP Inventory Equivalent units in ending WIP for materials 1500 $                                            4.00 $                                                     6,000.00 Equivalent units in ending WIP for conversion 1300 $                                            3.00 $                                                     3,900.00 Total $                                                     9,900.00 Ans $9900 Check 2 (A) (B) (A)*(B) Units Cost per Equivalent units Bottling department cost of ending WIP Inventory Units transferred out 8500 $                                            4.00 $                                                  34,000.00 Units transferred out 8500 $                                            3.00 $                                                  25,500.00 Total $                                                  59,500.00 Ans $59500

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