Data concerning a recent period’s activity in the Prep Department, the first pro
ID: 2422461 • Letter: D
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:
A total of 22,100 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. (Round your final answers to the nearest whole dollar amount.)
Data concerning a recent period’s activity in the Prep Department, the first processing department in a company that uses process costing, appear below:
Materials Conversion Equivalent units of production in ending work in process 2,090 930 Cost per equivalent unit $14.76 $6.33Explanation / Answer
Materials Conversion Total Cost of ending work in process inventory 2090 x 14.76 = 30848.40 930 x 6.33 = 5886.90 $36735 Cost of units transferred out 22100 x 14.76 = 326196 22100 x 6.33 = 139893 $466089
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