Compute the cost of the units transferred to the next

Assignment Help Accounting Basics

Reference no: EM131018305

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	500	140
Cost per equivalent unit	$31.64	$9.15

A total of 1,500 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 dollar amount.)

Materials	Conversion	Total
Cost of units transferred out	$	$	$
Cost of ending work in process inventory	$	$	$

Reference no: EM131018305

Questions Cloud

What are the biological and behavioral adaptations : What are the biological and behavioral adaptations that allowed for the increase of human brain size?How has our diet changed over the past 2 million years, and how do we know?

Determine the percent saturation of hemoglobin in tissue : Determine the percent saturation of hemoglobin in tissue at normal temperature and at 43 degree?

What is retained earnings where do retained earnings come : What are organizational Expenses? Give a few examples. What is retained earnings? Where do retained earnings come from. Is retained earnings the same thing as cash? What is cumulative preferred stock?

Use the data provided in the attached excel spreadsheet : Use the data provided in the attached Excel spreadsheet to conduct a thorough financial analysis.

Compute the cost of the units transferred to the next : Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses process costing, appear below:

Construct the cash flow statement for the year 2014 : Construct the cash flow statement for the year 2014

Ajax had average costs per unit of 10 when sales equaled : Ajax had average costs per unit of $10 when sales equaled 10,000 units and average costs per unit of $6.50 when sales equaled 24,000 units. Ajax had total costs of $50,000 when 5,000 units were sold. When sales equaled 12,000 units, total costs were ..

Assume that the company uses the weighted average method : Assume that the company uses the weighted-average method of accounting for units and costs. Determine the equivalent units for June for the first process.

Describe the core service concept that paychex provides : Describe the core service concept and benefits that Paychex provides to an SMB customer with its payroll outsourcing service. Compile a competitive analysis comparing the marketing strategies of Paychex to at least one of its competitors.

User Account

All Pages