FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question 9
Equivalent Units of Conversion Costs
The Filling Department of Eve Cosmetics Company had 6,300 ounces in beginning work in process inventory (50% complete). During the period, 57,000 ounces were completed. The ending work in process inventory was 4,600 ounces (10% complete).
What are the total equivalent units for conversion costs?
If required, round to the nearest unit.
fill in the blank 1 units
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- Question 8 Cost per Equivalent Unit The cost of direct materials transferred into the Filling Department of Eve Cosmetics Company is $128,400. The conversion cost for the period in the Filling Department is $140,740. The total equivalent units for direct materials and conversion are 42,800 ounces and 45,400 ounces, respectively. Determine the direct materials and conversion costs per equivalent unit. If required, round to the nearest cent. Direct materials cost per equivalent unit: $fill in the blank 1 per ounce Conversion costs per equivalent unit: $fill in the blank 2 per ouncearrow_forwardSelect the accurate optionarrow_forwardErrors in Equivalent Unit Computation Napco Refining Company processes gasoline. On June 1 of the current year, 6,400 units were 3⁄5 completed in the Blending Department. During June, 55,000 units entered the Blending Department from the Refining Department. During June, the units in process at the beginning of the month were completed. Of the 55,000 units entering the department, all were completed except 5,200 units that were 1⁄5 completed. The equivalent units for conversion costs for June for the Blending Department were computed as follows:arrow_forward
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- Units to be Assigned Costs Question 11 Eve Cosmetics Company consists of two departments, Blending and Filling. The Filling Department received 51,800 ounces from the Blending Department. During the period, the Filling Department completed 53,200 ounces, including 3,500 ounces of work in process at the beginning of the period. The ending work in process inventory was 2,100 ounces. How many ounces were started and completed during the period?fill in the blank 1 ouncesarrow_forwardEquivalent Units of Conversion Costs The Filling Department of Ivy Cosmetics Company had 2,700 ounces in beginning work in process inventory (30% complete). During the period, 38,200 ounces were completed. The ending work in process inventory was 2,300 ounces (80% complete). What are the total equivalent units for conversion costs? unitsarrow_forwardErrors in Equivalent Unit Computation Napco Refining Company processes gasoline. On June 1 of the current year, 6,400 units were 3/5 completed in the Blending Department. During June, 55,000 units entered the Blending Department from the Refining Department. During June, the units in process at the beginning of the month were completed. Of the 55,000 units entering the department, all were completed except 5,200 units that were 1/5 completed. The equivalent units for conversion costs for June for the Blending Department were computed as follows: Equivalent units of production in June: To process units in inventory on June 1: 6,400 x 3/5 To process units started and completed in June: 55,000 - 6,400 To process units in inventory on June 30: 5,200 x 1/5 Equivalent units of production 3,840 To process units in inventory on June 1 To process units started and completed in June To process units in inventory on June 30 Equivalent units of production 48,600 1,040 53,480 Enter the correct…arrow_forward
- Question Content Area The cost per equivalent units of direct materials and conversion in the Bottling Department of Beverages on Jolt Company is $0.40 and $0.20, respectively. The equivalent units to be assigned costs are as follows: DirectMaterials Conversion Inventory in process, beginning of period 0 3,390 Started and completed during the period 51,330 51,330 Transferred out of Bottling (completed) 51,330 54,720 Inventory in process, end of period 3,080 2,500 Total units to be assigned costs 54,410 57,220 The beginning work in process inventory had a cost of $3,180. Determine the cost of completed and transferred out production, and the ending work in process inventory. Completed and transferred out production $fill in the blank 1 Inventory in process, endingarrow_forward4arrow_forward
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