Reference no: EM131263933
Barksdale Steel Co. processes a single type of steel. For the current period the following information is given:
Units Material Costs Conversion Cost
Work in Process Beg. Inventory 3,000 4,500 5,400
Started During the Current Period 20,000 32,000 78,200
Work in process Ending Inventory 2,500
All materials are added at the beginning of the production process. Degree of completion in this department. Direct materials, 60%; Conversion 30%.
1. What is equivalent units of work done in current period for conversion costs if Barksdale uses the weighted average costing method?
A) 20,000
B) 22,500
C) 21,250
d) 23,000
e) None of the above
2. What is the assigned conversion costs to the units completed if Barksdale uses the weighted-average costing method?
a) 78,515
b) 76260
c) 80,649
d) 74,415
e) none of the above
3. What is the assigned direct materials costs to the units in ending work in process if Barksdale uses the FIFO costing method?
a) 2,376
b) 2,259
c) 2,710
d) 2,576
e) none of the above
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