Solution-Determine cost of completed and transferred-out

Determine cost of completed and transferred-out production

Reference no: EM132525414

Question - The costs per equivalent unit of direct materials and conversion in the Filling Department of Lilac Skin Care Company are $0.45 and $0.15, respectively. The equivalent units to be assigned costs are as follows:

	Equivalent Units
	Direct Materials	Conversion
Inventory in process, beginning or period	0	1,200
Started and completed during the period	38,800	38,800
Transferred out of filling (completed)	38,800	40,000
Inventory in process, end of period	6,200	2,480
Total units to be assigned costs	45,000	42,480

The beginning work in process inventory had cost of $25,000. Determine the cost of completed and transferred-out production and the ending work in process inventory.

Reference no: EM132525414

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Determine cost of completed and transferred-out production

Reference no: EM132525414

Reference no: EM132525414

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