Acme Company uses process costing. During the current month, the first processing department had 650 units in beginning work in process inventory, started 6,200 units into production, and completed and transferred out 5,800 units. Here are data regarding costs: Beginning WIP inventory Costs added during the month Total production costs 40% If the cost per equivalent unit for direct materials is $48, what is the percentage of completion with respect to direct materials for the units in ending work in process inventory? 50% 60% Direct materials $ 8,260 290,300 $298,560 O 70% Conversion costs $ 25,700 385,550 $411,250

Bistrol Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were:   Cost Percent Complete Materials costs $ 15,700 75% Conversion costs $ 7,700 20% A total of 8,400 units were started and 7,500 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:   Cost Materials costs $ 186,300 Conversion costs $ 329,800 The ending inventory was 70% complete with respect to materials and 60% complete with respect to conversion costs.   The cost of ending work in process inventory in the first processing department according to the company’s cost system is closest to: (Round "Cost per equivalent unit" to 3 decimal places.)

Pham Corporation uses the weighted-average method in its process costing system. The following data were taken from the records of the first processing department for a recent month. Work in process, beginning:   Units in process 30 Percent complete with respect to materials 60% Percent complete with respect to conversion 50% Costs in the beginning inventory:   Materials cost $6,190 Conversion cost $16,290 Units started into production during the month 180 Costs added to production during the month:   Materials cost $42,380 Conversion cost $136,330 Work in process, ending:   Units in process220 20 Percent complete with respect to materials 50% Percent complete with respect to conversion 40% Cost per equivalent unit:   Material $216 Conversion $710 Required: Enter the missing numbers, rounded to the nearest whole number. a.What was the cost of the ending work in process inventory in the…

How much is the cost per equivalent unit for the month using Average costing? *

A company has 1,900 units in ending work in process that are 30% complete after transferring out 12,000 units. All materials are added at the beginning of the process. If the cost per unit is $3 for materials and $7 for conversion, what is the cost of units transferred out and in ending work in process inventory using the weighted-average method? Cost of units transferred out Ending work in process inventory $

Superior Micro Products uses the weighted - average method of process costing. During January, the Assembly Department completed its processing of 26,300 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January totaled $699,230. The ending work in process inventory in January consisted of 3,500 units, which were 50% complete for materials and 30% complete for labor and overhead. The costs per equivalent unit for the month were as follows: Materials Labor Overhead Cost per equivalent unit $ 14.30 $ 3.70 $ 7.20 Required: For January: Compute the equivalent units of materials, labor, and overhead in the ending work in process inventory. Compute the cost of ending work in process inventory for materials, labor, overhead, and in total. Compute the cost of the units transferred to the next department for materials, labor, overhead, and in total. Prepare a cost reconciliation report.

Antoinette Nunally Company uses the weighted average method of process costing. It had 30,000 units in beginning inventory, which were 80% complete as to materials and 65% complete as to conversion. During the month, it started 90,000 units. At the end of the month, 20,000 units were in inventory, which were 60% complete as to materials and 25% complete as to conversion. Cost information is as follows: Beginning work in process inventory: Direct materials costs Conversion costs Total beginning inventory cost Costs added during the month: Direct materials costs Conversion costs Total costs added during the month Total production costs Beginning Inventory Units Started Ending Inventory Equivalent Units of Production Equivalent units completed and transferred out Equivalent units for ending work in process Total equivalent units of production Cost per Equivalent Unit of Production $75.600 90,675 Costs of beginning work in process inventory Costs added during month Total costs 282,800…

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