Units to be Assigned Costs Rocky Springs Beverage Company consists of two depart
ID: 2520302 • Letter: U
Question
Units to be Assigned Costs
Rocky Springs Beverage Company consists of two departments, Blending and Filling. The Filling Department received 47,900 ounces from the Blending Department. During the period, the Filling Department completed 60,600 ounces, including 17,000 ounces of work in process at the beginning of the period. The ending work in process inventory was 4,300 ounces.
How many ounces were started and completed during the period?
ounces
Equivalent Units of Materials Cost
The Bottling Department of Rocky Springs Beverage Company had 2,900 ounces in beginning work in process inventory (20% complete). During the period, 49,000 ounces were completed. The ending work in process inventory was 2,500 ounces (10% complete).
What are the total equivalent units for direct materials if materials are added at the beginning of the process?
units
Equivalent Units of Conversion Costs
The Bottling Department of Rocky Springs Beverage Company had 5,300 ounces in beginning work in process inventory (30% complete). During the period, 87,900 ounces were completed. The ending work in process inventory was 5,300 ounces (10% complete).
What are the total equivalent units for conversion costs?
If required, round to the nearest unit.
units
Cost per Equivalent Unit
The cost of direct materials transferred into the Bottling Department of Rocky Springs Beverage Company is $72,500. The conversion cost for the period in the Bottling Department is $101,370. The total equivalent units for direct materials and conversion are 25,000 ounces and 32,700 ounces, respectively.
Determine the direct materials and conversion costs per equivalent unit. If required, round to the nearest cent.
$ per ounce
Cost of Units Transferred Out and Ending Work in Process
The The rate used to allocate costs between completed and partially completed production.costs per equivalent unit of direct materials and conversion in the Bottling Department of Rocky Springs Beverage Company are $0.85 and $1.7, respectively. The equivalent units to be assigned costs are as follows:
The beginning work in process inventory had a cost of $2,210. Determine the cost of completed and transferred-out production and the ending work in process inventory. If required, round to the nearest dollar.
$
The questions are five seperate small questions that are all one assignment-Thanks
Direct materials cost per equivalent unit: $ per ounce Conversion costs per equivalent unit:$ per ounce
Explanation / Answer
Units to be assigned cost:
Opening work-in-progress : 17000 ounces
Received during the year from Blending dept : 47900 ounces
Closing work-in-progress : 4300 ounces
Completed during the period =Received during year- Closing WIP+ Opening WIP
=47900- 4300+ 17000
= 60600 ounces
Equivalent units of material cost:
In the opening WIP 80% was completed during the period : 2900*80%= 2320 ounces
Completed during the period : 49000*100%= 49000 ounces
In the closing WIP 10% was completed during the period : 2500*10%= 250 ounces
Total equivalent units completed during the period = 2320+ 49000+ 250 =51570 ounces
Cost per equivalent unit:
Cost of direct material transferred to Bottling dept : $ 72500
Conversion cost for the period : $ 101370
Equivalent units for direct materials and conversion are 25000 and 32700 ounces.
Direct material cost per equivalent unit = 72500/25000 = $2.9
Conversion cost per equivalent unit = 101370/32700 = $3.1
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