Data concerning the recent period’s activity in the Prep Department, the first p
ID: 2389272 • Letter: D
Question
Data concerning the recent period’s activity in the Prep Department, the first processing department in a company that uses process costing, appears below:
Materials Conversion
Equivalent units of production in end 350 420
Cost per equivalent unit 8.80 12.40
A total of 1,210 units were completed and transferred to the next processing department during the period.
Compute the cost of the units transferred to the next department during the period and the cost of ending work in process inventory.
Ending work in process inventory________
Units completed and transferred out_____________
Round your answer to the nearest whole number.
Explanation / Answer
Materials Conversion Total Equivalent units of production in end 350 420 770 Cost per equivalent unit 8.80 12.40 21.20 Materials Conversion Total Ending work in process inventory cost =8.8*350 =420*12.4 $3,080 $5,208 $8,288 Units completed and transferred out = 1210 * 21.20 = $25,652 Materials Conversion Total Equivalent units of production in end 350 420 770 Cost per equivalent unit 8.80 12.40 21.20 Materials Materials Conversion Conversion Total Total Ending work in process inventory cost =8.8*350 =420*12.4 $3,080 $5,208 $8,288 Units completed and transferred out = 1210 * 21.20 = $25,652Thank you.... Materials Conversion Total Equivalent units of production in end 350 420 770 Cost per equivalent unit 8.80 12.40 21.20 Materials Conversion Total Ending work in process inventory cost =8.8*350 =420*12.4 $3,080 $5,208 $8,288 Units completed and transferred out = 1210 * 21.20 = $25,652
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