A company manufactures Chemical X, in a single process. At the start of the month there was no work-inprogress. During the month 300 litres of raw material were input into the process at a total cost of $6,000. Conversion costs during the month amounted to $4,500. At the end of the month 250 litres of Chemical X were transferred to finished goods inventory. The remaining work-in-progress was 100% complete with respect to materials and 50% complete with respect to conversion costs. There were no losses in the process and there is no scrap value available during months when losses occur.   If there had been a normal process loss of 10% of input during the month what would the value of this loss have been? A Nil B $450 C $600 D $1,050

Wyoming Products Inc. completed and transferred 228,000 particle board units of production from the Pressing Department. There was not beginning inventory in process in the department. The ending in-process inventory was 20,000 units, which were 3/4 complete as to conversion cost. All materials are added at the beginning of the process. Direct materials cost incurred was $706,800, direct labor cost incurred was $255,880, and factory overhead applied was $60,020. Determine the following for the Pressing Department. Round "cost per equivalent unit" answers to the nearest cent. a. Total conversion cost b. Conversion cost per equivalent unit c. Direct materials cost per equivalent unit $

Georgia Products Inc. completed and transferred 169,000 particle board units of production from the Pressing Department. There was no beginning inventory in process in the department. The ending in-process inventory was 15,000 units, which were 1/2 complete as to conversion cost. All materials are added at the beginning of the process. Direct materials cost incurred was $699,200, direct labor cost incurred was $185,850, and factory overhead applied was $43,600. Determine the following for the Pressing Department. Round "cost per equivalent unit" answers to the nearest cent. a.  Total conversion cost $fill in the blank 1 b.  Conversion cost per equivalent unit $fill in the blank 2 c.  Direct materials cost per equivalent unit $fill in the blank 3

The Bottling Department of Mountain Springs Water Company had 5,000 liters in beginning work in process inventory (20% complete). During the period, 58,000 liters were completed. The ending work in process inventory was 3,000 liters (90% complete). What are the equivalent units for conversion costs under the FIFO method? equivalent units for conversion costs