The following data (and annotations) are for the work in process account of the first of Crocker Company's four departments used in manufacturing its only product for October. Work in Process-Department 1 Beginning balance (2,000 units, 70% complete) Direct material Conversion costs Transferred to department 2 (20,000 units) Direct material (21,000 units) Direct labor Manufacturing overhead Ending balance [(b) units, 25% complete] Assuming that Crocker uses the weighted average method and that materials are added at the beginning of the process and conversion costs are incurred evenly throughout, solve for the three missing numbers. Round average cost per equivalent unit to four decimal places. Use rounded answers for subsequent calculations. Round other answers to the nearest whole number. Complete/Transferred Ending Inventory b. Total Beginning Inventory Current $38,750 33,600 (a) 393,750 508,200 169,050 (c) Crocker Company Department 1 Equivalent Units Calculations, October Total Costs to Account For Total Equivalent Inite 0 0 0 % Work done 0% 0% Equivalent Units Direct Materials Product Cost Report $ $ 0 0 0 % Work Conversion Done Costs 0% 0% Direct Materials 0 $ 0 0 $ 0 0 0 $ 0 0 $ 0 0 Conversion Costs 0 0 0 0

The following data (and annotations) are for the work in process account of the first of Crocker Company's four departments used in manufacturing its only product for October. Work in Process-Department 1 Beginning balance (2,000 units, 70% complete) Direct material Conversion costs Transferred to department 2 (20,000 units) Direct material (21,000 units) Direct labor Manufacturing overhead Ending balance [(b) units, 25% complete] Assuming that Crocker uses the weighted average method and that materials are added at the beginning of the process and conversion costs are incurred evenly throughout, solve for the three missing numbers. Round average cost per equivalent unit to four decimal places. Use rounded answers for subsequent calculations. Round other answers to the nearest whole number. Complete/Transferred Ending Inventory b. Total Beginning Inventory Current $38,750 33,600 (a) 393,750 508,200 169,050 (c) Crocker Company Department 1 Equivalent Units Calculations, October Total Costs to Account For Total Equivalent Inite 0 0 0 % Work done 0% 0% Equivalent Units Direct Materials Product Cost Report $ $ 0 0 0 % Work Conversion Done Costs 0% 0% Direct Materials 0 $ 0 0 $ 0 0 0 $ 0 0 $ 0 0 Conversion Costs 0 0 0 0

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Description: Equivalent Units and Product Cost Report-weighted Average MethodThe following data (and annotations) are for the work in process account of the first of Crocker Company's four departments used in manufacturing its only product for October.Work in Pr

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 14E: Cost per equivalent unit The following information concerns production in the Forging Department for...

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