could you please help my with problems 8,9,and10 8. The Shaping Department start
ID: 2448680 • Letter: C
Question
could you please help my with problems 8,9,and10 8. The Shaping Department started the month with a beginning work in process inventory of $15,000 During the month, it was assigned the following costs: direct materials $120,000; direct labor, $40,000; overhead allocated at the rate of 20% of direct labor cost Inventory with a cost of $160,000 was transferred to finished goods. What was the ending balance of work in process inventory for the department? 9 There are 10,000 units in wink in process inventory for the Mixing Department at the end of the month. The units were 60% complete for conversion costs. What ate the equivalent units for conversion costs using the weighted-average method? 10. Using the same information as in Question 9, assume that the beginning work in process inventory for the Mixing Department had $12,000 in conversion costs, and that $30,000 in conversion costs were added during the month. What is the cost per equivalent unit for conversion costs?Explanation / Answer
8) Work in process =$23,000
9) Conversion equivalent units = 10,000 @60% = 6000 units
10) Begiining cost $12,000
Added $30,000
Total cost $42,000
Hence cost per equivalent units = $42,000/ 6000 = $7 per unit
debit Credit Beginning $15,000 Transferred to finished goods $160,000 Direct mateiral $120,000 Balance c/f $23,000 Direct labor $ 40,000 MOH 20% $ 8,000 Total $183,000 $1830,000Related Questions
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