*The cost per equivalent units of direct materials and conversion in the Roasting Department of Robusta Coffee Company are $0.60 and $0.25, respectively. The equivalent units to be assigned costs are as follows: Inventory in process, beginning of period Direct Materials Conversion 0 3,000 Started and completed during the period 52,000 52,000 Transferred out of Roasting (completed) 52,000 55,000 Inventory in process, end of period Total units to be assigned costs 3,500 2,100 55,500 57,100 The beginning work in process inventory had a cost of $6,500. Based on the information provided, the total cost of units completed and transferred-out production is equal to: $54,075 $2,625 $51,450 $44,200

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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*The cost per equivalent units of direct materials and conversion in the Roasting Department of Robusta Coffee Company are
$0.60 and $0.25, respectively. The equivalent units to be assigned costs are as follows:
Inventory in process, beginning of period
Direct Materials
Conversion
0
3,000
Started and completed during the period
52,000
52,000
Transferred out of Roasting (completed)
52,000
55,000
Inventory in process, end of period
Total units to be assigned costs
3,500
2,100
55,500
57,100
The beginning work in process inventory had a cost of $6,500.
Based on the information provided, the total cost of units completed and transferred-out production is equal to:
$54,075
$2,625
$51,450
$44,200
Transcribed Image Text:*The cost per equivalent units of direct materials and conversion in the Roasting Department of Robusta Coffee Company are $0.60 and $0.25, respectively. The equivalent units to be assigned costs are as follows: Inventory in process, beginning of period Direct Materials Conversion 0 3,000 Started and completed during the period 52,000 52,000 Transferred out of Roasting (completed) 52,000 55,000 Inventory in process, end of period Total units to be assigned costs 3,500 2,100 55,500 57,100 The beginning work in process inventory had a cost of $6,500. Based on the information provided, the total cost of units completed and transferred-out production is equal to: $54,075 $2,625 $51,450 $44,200
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