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28 Sep 2019
The cost per equivalent units of direct materials and conversion inthe Bottling Department of Beverages on Jolt Company is $0.60 and$0.10, respectively. The equivalent units to be assigned costs areas follows.
Direct Materials Conversion Inventory in process, beginning of period 0 2,500 Started and completed during the period 50,780 50,780 Transferred out of Bottling (completed) 50,780 53,280 Inventory in process, end of period 3,060 2,200 Total units to be assigned costs 53,840 55,480
The beginning work in process inventory had a cost of $3,620.Determine the cost of completed and transferred out production andthe ending work in process inventory.
Cost of inventory transferred: ________
Ending Inventory: ________
The cost per equivalent units of direct materials and conversion inthe Bottling Department of Beverages on Jolt Company is $0.60 and$0.10, respectively. The equivalent units to be assigned costs areas follows.
Direct Materials | Conversion | |
Inventory in process, beginning of period | 0 | 2,500 |
Started and completed during the period | 50,780 | 50,780 |
Transferred out of Bottling (completed) | 50,780 | 53,280 |
Inventory in process, end of period | 3,060 | 2,200 |
Total units to be assigned costs | 53,840 | 55,480 |
The beginning work in process inventory had a cost of $3,620.Determine the cost of completed and transferred out production andthe ending work in process inventory.
Cost of inventory transferred: ________
Ending Inventory: ________
Nestor RutherfordLv2
28 Sep 2019