- Tes Jarvene Corporation Uses The Fifo Method In Its Process Costing System The Following Data Are For The Most Recent M 1 (42.5 KiB) Viewed 10 times
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The cost of beginning inventory according to the company's costing system was $7,872 of which $4,877 was for materials and the remainder was for conversion cost. The costs added during the month amounted to $179,730. The costs per equivalent unit for the month were: Materials $18.00 Cost per equivalent unit Required: 1. Compute the total cost per equivalent unit for the month. 2. Compute the equivalent units of material and conversion in the ending inventory. 3. Compute the equivalent units of material and conversion that were required to complete the beginning inventory. 4. Compute the number of units started and completed during the month. 5. Compute the cost of ending work in process inventory for materials, conversion, and in total for the month. 6. Compute the cost of the units transferred to the next department for materials, conversion, and in total for the month. Conversion $ 23.00 Complete this question by entering your answers in the tabs below. Equivalent units Required 1 Required 2 Required 3 Required 4 Required 5 Compute the equivalent units of material and conversion in the ending inventory. Materials Conversion < Required 1 Required 6 Required 3 >
The cost of beginning inventory according to the company's costing system was $7,872 of which $4,877 was for materials and the remainder was for conversion cost. The costs added during the month amounted to $179,730. The costs per equivalent unit for the month were: Materials $ 18.00 Cost per equivalent unit Required: 1. Compute the total cost per equivalent unit for the month. 2. Compute the equivalent units of material and conversion in the ending inventory. 3. Compute the equivalent units of material and conversion that were required to complete the beginning inventory. Conversion $ 23.00 4. Compute the number of units started and completed during the month. 5. Compute the cost of ending work in process inventory for materials, conversion, and in total for the month. 6. Compute the cost of the units transferred to the next department for materials, conversion, and in total for the month. Complete this question by entering your answers in the tabs below. Equivalent units Required 1 Required 2 Required 3 Required 4 Compute the equivalent units of material and conversion that were required to complete the beginning inventory. Conversion Materials < Required 2 Required S Required 6 Required 4 >
The cost of beginning inventory according to the company's costing system was $7,872 of which $4,877 was for materials and the remainder was for conversion cost. The costs added during the month amounted to $179,730. The costs per equivalent unit for the month were: Materials $ 18.00 Conversion $ 23.00 Cost per equivalent unit Required: 1. Compute the total cost per equivalent unit for the month. 2. Compute the equivalent units of material and conversion in the ending inventory. 3. Compute the equivalent units of material and conversion that were required to complete the beginning inventory. 4. Compute the number of units started and completed during the month. 5. Compute the cost of ending work in process inventory for materials, conversion, and in total for the month. 6. Compute the cost of the units transferred to the next department for materials, conversion, and in total for the month. Complete this question by entering your answers in the tabs below. Required 4 Required S Required 1 Required 2 Required 3 Compute the number of units started and completed during the month. Number of units started and completed < Required 3 Required 6 Required 5 >
The cost of beginning inventory according to the company's costing system was $7,872 of which $4,877 was for materials and the remainder was for conversion cost. The costs added during the month amounted to $179,730. The costs per equivalent unit for the month were: Materials $ 18.00 Conversion $ 23.00 Cost per equivalent unit Required: 1. Compute the total cost per equivalent unit for the month. 2. Compute the equivalent units of material and conversion in the ending inventory. 3. Compute the equivalent units of material and conversion that were required to complete the beginning inventory. 4. Compute the number of units started and completed during the month. 5. Compute the cost of ending work in process inventory for materials, conversion, and in total for the month. 6. Compute the cost of the units transferred to the next department for materials, conversion, and in total for the month. Complete this question by entering your answers in the tabs below. Cost of ending work in process inventory Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Compute the cost of ending work in process inventory for materials, conversion, and in total for the month. (Round your intermediate calculations to 2 decimal places.) Materials < Required 4 Conversion Total Required 6 >
The cost of beginning inventory according to the company's costing system was $7,872 of which $4,877 was for materials and the remainder was for conversion cost. The costs added during the month amounted to $179,730. The costs per equivalent unit for the month were: Materials $ 18.00 Conversion $ 23.00 Cost per equivalent unit Required: 1. Compute the total cost per equivalent unit for the month. 2. Compute the equivalent units of material and conversion in the ending inventory. 3. Compute the equivalent units of material and conversion that were required to complete the beginning inventory. 4. Compute the number of units started and completed during the month. 5. Compute the cost of ending work in process inventory for materials, conversion, and in total for the month. 6. Compute the cost of the units transferred to the next department for materials, conversion, and in total for the month. Complete this question by entering your answers in the tabs below. Total cost of units transferred out Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Compute the cost of the units transferred to the next department for materials, conversion, and in total for the month. (Round your intermediate calculations to 2 decimal places.) Materials Conversion < Required 5 Total Required>