On May 1, 2024, Sterling Manufacturing has a beginning Work in Process inventory of zero. All materials are added at the beginning of production into a single WIP inventory. During the month, 42,000 units were started. At month-end, all started units were 60% complete with respect to conversion. Direct Materials placed into production had a total cost of $425,000 and the total conversion cost for the month was $546,000. Sterling uses the weighted-average process costing method. Calculate the cost per equivalent unit of conversion for May. (Round to nearest cent.)

Haze Company had 6,400 units of work-in-process inventory in department A on October 1, 2022. These units were 60% complete as to conversion. Direct materials are added at the beginning of the process. During the month of October, 27,200 units were started and 28,800 units were completed. Waling-Waling had 4,800 units of work-in-process inventory on October 31, 2022. These units were 20% incomplete as to conversion cost.By how much did the direct materials EUP for the month of October using average method exceed the direct materials EUP for the same month using FIFO method? By how much did the conversion cost EUP for the month of October using average method exceed the conversion EUP for the same month using FIFO method?

By how much did the direct materials EUP for the month of October using average method exceed the direct materials EUP for the same month using FIFO method?

Axel Ltd. began operations on October 1 of the current year. Its production requires that direct materials be added at the beginning of the process, and conversion costs are incurred uniformly. Direct materials costs for October were $380,000, and conversion costs were $1,750,000. There were 80,000 units started during the month. The ending inventory was 25,000 units, which were 60% complete. What was the cost per equivalent unit for conversion? Round to the nearest cent. OA. $70.00 OB. $25.00 OC. $21.88 O D. $16.67 OE. $116.67

Sandhill Company manufactures its product, Vitadrink, through two manufacturing processes: Mixing and Packaging. All materials are entered at the beginning of each process. On October 1, 2022, inventories consisted of Raw Materials $31,200, Work in Process- Mixing $0, Work in Process-Packaging $300,000, and Finished Goods $346,800. The beginning inventory for Packaging consisted of 12,000 units that were 50% complete as to conversion costs and fully complete as to materials. During October, 60,000 units were started into production in the Mixing Department and the following transactions were completed. 1. Purchased $360,000 of raw materials on account. 2. Issued direct materials for production: Mixing $252,000 and Packaging $54,000. 3. Incurred labor costs of $334,680. (Use Wages Payable.) 4. Used factory labor: Mixing $219,000 and Packaging $115,680. 5. Incurred $972,000 of manufacturing overhead on account. 6. Applied manufacturing overhead on the basis of $23 per machine hour.…

[The following information applies to the questions displayed below.] Pacific Ink had beginning work-in-process inventory of $748,960 on October 1. Of this amount, $311,920 was the cost of direct materials and $437,040 was the cost of conversion. The 55,000 units in the beginning inventory were 25 percent complete with respect to both direct materials and conversion costs. During October, 116,000 units were transferred out and 37,000 remained in ending inventory. The units in ending inventory were 75 percent complete with respect to direct materials and 35 percent complete with respect to conversion costs. Costs incurred during the period amounted to $2,821,000 for direct materials and $3,582,720 for conversion. Exercise 8-38 (Algo) Assign Costs to Goods Transferred Out and Ending Inventory: Weighted-Average Method (LO 8-2, 3) Compute the costs of goods transferred out and the ending inventory using the weighted-average method. (Round intermediate calculations to 2 decimal places.)

[The following information applies to the questions displayed below.] Pacific Ink had beginning work-in-process inventory of $750,960 on October 1. Of this amount, $307,920 was the cost of direct materials and $443,040 was the cost of conversion. The 51,000 units in the beginning inventory were 25 percent complete with respect to both direct materials and conversion costs.   During October, 108,000 units were transferred out and 33,000 remained in ending inventory. The units in ending inventory were 75 percent complete with respect to direct materials and 35 percent complete with respect to conversion costs. Costs incurred during the period amounted to $2,556,000 for direct materials and $3,278,760 for conversion.   Required: a. Compute the equivalent units for the materials and conversion cost calculations.             Equivalent units for materials   Equivalent units for conversion costs   b. Compute the cost per equivalent unit for direct…

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Waling-waling Company had 6,400 units of work-in-process inventory in department A on October 1, 2022. These units were 60% complete as to conversion. Direct materials are added at the beginning of the process. During the month of October, 27,200 units were started and 28,800 units were completed. Waling-Waling had 4,800 units of work-in-process inventory on October 31, 2022. These units were 20% incomplete as to conversion cost. 1.) By how much did the conversion cost EUP for the month of October using average method exceed the conversion EUP for the same month using FIFO method? 2.) By how much did the direct materials EUP for the month of October using average method exceed the direct materials EUP for the same month using FIFO method?

Waling-waling Company had 6,400 units of work-in-process inventory in department A on October 1, 2022. These units were 60% complete as to conversion. Direct materials are added at the beginning of the process. During the month of October, 27,200 units were started and 28,800 units were completed. Waling-Waling had 4,800 units of work-in-process inventory on October 31, 2022. These units were 20% incomplete as to conversion cost.By how much did the direct materials EUP for the month of October using average method exceed the direct materials EUP for the same month using FIFO method?