Assume the following information pertaining to Star Company: Prime costs $ 195,000 Conversion costs 221,000 Direct materials used 85,000 Beginning work in process Ending work in process 98,000 81,000 Direct labor used is calculated to be:

ssume the following information:  Milling Department Materials Conversion Total Cost of beginning work in process inventory $ 10,000 $ 15,000 $ 25,000 Costs added during the period 291,600 394,500 686,100 Total cost $ 301,600 $ 409,500 $ 711,100 Assume the equivalent units of production for materials and conversion, when using the weighted-average method, are 5,200 units and 5,000 units, respectively. If the equivalent units in ending work in process inventory for materials and conversion are 400 units and 200 units, respectively, then what is the total cost of ending work in process for the Milling Department?

Joy Inc. has started manufacturing 15,000 units of a product. Direct materials cost incurred was $225,000, direct labor cost incurred was $192,000, and applied factory overhead was $68,000.What is the amount of total conversion cost? Group of answer choices $417,000 $293,000 $260,000 $485,000

Cost per Equivalent Unit The cost of direct materials transferred into the Rolling Department of Oak Ridge Steel Company is $462,800. The conversion cost for the period in the Rolling Department is $286,700. The total equivalent units for direct materials and conversion are 2,600 tons and 4,700 tons, respectively. Determine the direct materials and conversion costs per equivalent unit. Direct materials cost per equivalent unit: $fill in the blank 1 per ton Conversion cost per equivalent unit: $fill in the blank 2 per ton

Compute conversion costs given the following data: direct materials, $353,000; direct labor, $208,700; factory overhead, $186,300 and selling expenses, $39,400.

Given the following data for Glennon Company, compute (A) total manufacturing costs and (B) costs of goods manufactured: $40,000 Direct materials used Direct labor Beginning work in process Ending work in process 20,000 Manufacturing overhead Beginning finished goods 50,000 Operating expenses Ending finished goods 30,000 $240,000 100,000 300,000 350,000

Cost per Equivalent Unit The cost of direct materials transferred into the Rolling Department of Kraus Company is $459,000. The conversion cost for the period in the Rolling Department is $303,800. The total equivalent units for direct materials and conversion are 2,700 tons and 4,900 tons, respectively. Determine the direct materials and conversion costs per equivalent unit. Direct materials cost per equivalent unit: $fill in the blank 1 per ton Conversion cost per equivalent unit: $fill in the blank 2 per ton

Assume the following information: Milling Department Cost of beginning work in process inventory Costs added during the period Total cost Materials $ 10,000 291,600 $ 301,600 Conversion $ 15,000 385,000 $ 400,000 Total $ 25,000 676,600 $ 701,600 Assume the equivalent units of production for materials and conversion are 5,200 units and 5,000 units, respectively, using the weighted-ave method. If 4,610 units were completed and transferred to the next department, then what is the total cost assigned to the units completed am forred out of the Milling Department?

Equivalent Units of Production and Related Costs The charges to Work in Process—Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production. Work in Process-Assembly Department Bal., 8,000 units, 65% completed 31,880 To Finished Goods, 184,000 units ? Direct materials, 188,000 units @ $2.10 394,800     Direct labor 404,400     Factory overhead 157,320     Bal., ? units, 20% completed ?     Determine the following: a.  The number of units in work in process inventory at the end of the period. units   b.  Equivalent units of production for direct materials and conversion. If an amount is zero or a blank, enter in "0". Work in Process-Assembly Department Equivalent Units of Production for Direct Materials and Conversion Costs     WholeUnits Equivalent UnitsDirect Materials Equivalent UnitsConversion Inventory in process, beginning…

The costs per equivalent unit of direct materials and conversion in the Rolling Department of Keystone Steel Company are $60 and $10, respectively. The equivalent units to be assigned costs are as follows:   Equivalent Units   Direct Materials Conversion Inventory in process, beginning of period 0   320   Started and completed during the period 7,500   7,500   Transferred out of Rolling (completed) 7,500   7,820   Inventory in process, end of period 1,000   300   Total units to be assigned costs 8,500   8,120   The beginning work in process inventory had a cost of $25,000. Determine the cost of completed and transferred-out production and the ending work in process inventory.