Data concerning a recent periodâs 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 2,000 800 Cost per equivalent unit $13.86 $4.43 A total of 20,100 units were completed and transferred to the next processing department during the period. Required: 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 periodâs 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 2,000 800 Cost per equivalent unit $13.86 $4.43 A total of 20,100 units were completed and transferred to the next processing department during the period. Required: 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.)
Related questions
Data concerning a recent periodâs activity in the Prep Department, the first processing department in a company that uses process costing, appear below:
| Materials | Conversion | |||||
| Equivalent units in ending work in process inventory | 2,120 | 960 | ||||
| Cost per equivalent unit | $ | 14.46 | $ | 6.33 | ||
A total of 20,200 units were completed and transferred to the next processing department during the period.
Required:
1. Compute the cost of ending work in process inventory for materials, conversion, and in total.
2. Compute the cost of the units completed and transferred out for materials, conversion, and in total.
(Round your final answers to the nearest whole dollar amount.)
| Materials | Conversion | Total | ||
| 1 | Cost of ending work in process inventory | |||
| 2 | Cost of units transferred out |
| Data concerning a recent periodâs activity in the AssemblyDepartment, the first processing department in a company that usesprocess costing, appear below:
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Data concerning a recent periodâs activity in the AssemblyDepartment, the first processing department in a company that usesprocess costing, appear below:
| Materials | Conversion | |||
| Costof work in process inventory at the beginning of the period | $ | 3,200 | $ | 650 |
| Equivalent units of production in the ending work inprocess inventory | 400 | 200 | ||
| Equivalent units of production required to complete thebeginning work in process inventory | 600 | 1,200 | ||
| Costper equivalent unit for the period | $ | 2.32 | $ | 0.75 |
A total of 26,000 units were completed and transferred to thenext processing department during the period. Beginning work inprocess inventory consisted of 2,000 units and ending work inprocess inventory consisted of 1,000 units. |
| Required: |
Using the FIFO method, compute the cost of the units transferredto the next department during the period and the cost of endingwork in process inventory. |
| Materials | Conversion | Total | |
| cost of units transfered to nextdepartment |
