Mundes Corporation uses the weighted-average method in its process costing system. The beginnin complete with respect to materials and 40% complete with respect to conversion costs. The cost of the beginning work in process inventory in the department was recorded as $9,700. During the period, 8,900 units were completed and transferred on to the next department. The costs per equivalent unit for the period were $4.90 for material and $5.90 for conversion costs. The cost of unit transferred out during the month was: Multiple Choice $52,510 O 0 $82,600 $96,120 $65,000

Universal Manufacturing uses a weighted-average process-costing system. All materials are introduced at the start of manufacturing, and conversion costs are incurred evenly throughout the process. The company's beginning and ending work-in-process inventories totaled 11,200 units and 20,700 units, respectively, with the latter units being 2/3 complete at the end of the period. Universal started 36,300 units into production and completed 26,800 units. Manufacturing costs follow. Beginning work in process: Materials, $60,700; conversion cost, $233.000 Current costs: Materials, $212,000; conversion cost, $483,000 Universal's equivalent-unit cost for conversion cost is:

Data for June are as follows for Superior Corp., which uses FIFO process costing:                                                                                                      Units Beginning work in process                                                        5,600 Units started in process                                                          114,000                                                                                                      Costs Beginning work in process:                                                                         Materials                                                                       $18,500          Conversion                                                                      $3,700   June's costs:          Materials                                                                     $444,300          Conversion                                                                    190,700   All materials are added at the…

The costs per equivalent unit of direct materials and conversion in the Filling Department of Eve Cosmetics Company are $1.80 and $1.95, respectively. The equivalent units to be assigned costs are as follows:   Equivalent Units   Direct Materials Conversion Inventory in process, beginning of period 0   4,100   Started and completed during the period 51,000   51,000   Transferred out of Filling (completed) 51,000   55,100   Inventory in process, end of period 3,000   900   Total units to be assigned costs 54,000   56,000   The beginning work in process inventory had a cost of $2,870. Determine the cost of completed and transferred-out production and the ending work in process inventory. If required, round to the nearest dollar. Completed and transferred-out production   Inventory in process, ending

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

Silva Coporation uses the weighted average process costing method. The Mixing Department at Silva had 17,000 units in beginning inventory. These units contained $70,000 in direct materials, $80,000 in direct labor, and $60,000 in overhead. During the period, the department incurred costs of $320,000 in direct materials, $400,000 in direct labor and $200,000 in overhead and started 80,000 units. Ending inventory consisted of 6,000 units which were 100% complete with respect to direct materials and 50% complete with respect to direct labor and overhead. What is the cost per equivalent unit for direct labor (rounded to the nearest cent)? O $5.28 O $5.11 O $4.94 $0.86

Hi-T Company uses the weighted average method of process costing. Information for the company’s first production process follows. All direct materials are added at the beginning of this process, and conversion costs are added uniformly throughout the process.    Units Direct Materials Conversion Percent Complete Percent Complete Beginning work in process inventory 6,000 100% 80% Completed and transferred out 27,000     Ending work in process inventory 11,000 100% 40%   Beginning work in process     Direct materials $ 60,000   Conversion 78,460 $ 138,460 Costs added this period     Direct materials 415,000   Conversion 358,000 773,000 Total costs to account for   $ 911,460 a. Compute the equivalent units of production for both direct materials and conversion.b. Compute the cost per equivalent unit for both direct materials and conversion.c. Assign costs to the department’s output—specifically, to the units transferred out and to the units in ending work…