Cost of Units Transferred Out and Ending Work in ProcessThe costs per equivalent unit of direct materials and conversion in the Rolling Department of Jabari Steel Company are $0.55 and $1.25, respectively. The equivalent units to be assigned costs are as follows:Equivalent UnitsDirect MaterialsEquivalent UnitsConversionInventory in process, October 1Started and completed during OctoberTransferred out of Rolling (completed)Inventory in process, October 31Total units to be assigned costs05,40067,00067,00067,00072,4006,00073,0002,40074,800The beginning work in process inventory on October 1 had a cost of $3,670. Determine the cost of completed and transferred-out production, the ending work in process inventory, and the total costs assigned by the RollingDepartment.Completed and transferred-out productionInventory in process, October 31Total costs assigned by the Rolling Department

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Description: Cost of Units Transferred Out and Ending Work in ProcessThe costs per equivalent unit of direct materials and conversion in the Rolling Department of Jabari Steel Company are $0.55 and $1.25, respectively. The equivalent units to be assigned costs a

The production cost report is prepared by the company for the purpose of determining equivalent…

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Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Rolling Department of Jabari Steel Company are $0.55 and $1.25, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Equivalent Units Direct Materials Conversion Inventory in process, October 1 5,400 Started and completed during October Transferred out of Rolling (completed) Inventory in process, October 31 67,000 67,000 67,000 72,400 6,000 73,000 2,400 74,800 Total units to be assigned costs The beginning work in process inventory on October 1 had a cost of $3,670. Determine the cost of completed and transferred-out production, the ending work in process inventory, and the total costs assigned by the Rolling Department. Completed and transferred-out production Inventory in process, October 31 Total costs assigned by the Rolling Department

Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Rolling Department of Jabari Steel Company are $0.55 and $1.25, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Equivalent Units Direct Materials Conversion Inventory in process, October 1 5,400 Started and completed during October Transferred out of Rolling (completed) Inventory in process, October 31 67,000 67,000 67,000 72,400 6,000 73,000 2,400 74,800 Total units to be assigned costs The beginning work in process inventory on October 1 had a cost of $3,670. Determine the cost of completed and transferred-out production, the ending work in process inventory, and the total costs assigned by the Rolling Department. Completed and transferred-out production Inventory in process, October 31 Total costs assigned by the Rolling Department

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 6BE: The costs per equivalent unit of direct materials and conversion in the Rolling Department of Kraus...

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