Solution-Determine cost of completed and transferred-out

Determine cost of completed and transferred-out production

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Reference no: EM132684593

Problem - Cost of units transferred out and ending work in process

The costs per equivalent unit of direct materials and conversion in the Filling Department of Rose Petal Lotion Company are $0.40 and $0.10, respectively. The equivalent units to be assigned costs are as follows:

	Equivalent Units
	Direct Materials	Conversion
Inventory in process, beginning of period	0	690
Started and completed during the period	44,200	44,200
Transferred out of Filling (completed)	44,200	44,890
Inventory in process, end of period	1,800	450
Total units to be assigned costs	46,000	45,340

The beginning work in process inventory had a cost of $1,100. Determine the cost of completed and transferred-out production and the ending work in process inventory.

Reference no: EM132684593

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Determine cost of completed and transferred-out production

Reference no: EM132684593

Reference no: EM132684593

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