The packaging department began the month with 500 units that were 100% complete with regard to material and conversion. It received 9,400 units from the processing department and ended the month with 550 units that were 100% complete with regard to materials and 20% complete with regard to conversion. With a $3 per unit cost for conversion and a $3 per unit cost for materials, what is the cost of the units transferred out and remaining in ending inventory? Units transferred out fill in the blank 1 Ending inventory fill in the blank

Assume that in a second run the ending inventory in process (FWIP) consists of 8,000 units. Materials are added at the end of the process. These units are 25% complete. In this second process, the equivalent units of the ending inventory in process (FWIP) units are: a. CT 2,000, MD 0, CC 2,000 b. CT 8,000, MD 0, CC 2,000 c. TC 0, MD 8,000, CC 6,000 d. CT 8,000, MD 8,000, CC 2,000

Running Company had the following information for the month of June:   Work in process beginning inventory, June 1 2,200 units Units transferred in 16,600 units Work in process ending inventory, June 30 4,200 units   Beginning work-in-process inventory is 30 percent complete as to conversion. Ending work-in-process inventory is 50 percent complete as to conversion. Materials are added at the end of the process. How many units were started and completed in June?   Multiple Choice   12,400.   10,200.   14,500.   16,700.   18,700.

Pacific Ink had beginning work-in-process inventory of $821,960 on October 1. Of this amount, $330,000 was the cost of direct materials and $491,960 was the cost of conversion. The 52,000 units in the beginning inventory were 30 percent complete with respect to both direct materials and conversion costs.   During October, 110,000 units were transferred out and 34,000 remained in ending inventory. The units in ending inventory were 80 percent complete with respect to direct materials and 40 percent complete with respect to conversion costs. Costs incurred during the period amounted to $2,553,600 for direct materials and $3,326,400 for conversion.   Required: a. Compute the equivalent units for the materials and conversion cost calculations. b. Compute the cost per equivalent unit for direct materials and for conversion costs using the FIFO method.

Accounting   Bosco Corp. uses a process costing system. Beginning inventory for January consisted of 1,020 units that were 69% completed. During January, 11,100 units were completed. On January 31, the inventory consisted of 590 units that were 50% completed. How many units were started during January? Multiple Choice 11,690 10,375 10,250 10,670.

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Carmelita, Inc., has the following information available: Line Item Description Costs from Beginning Inventory Costs from Current Period Direct materials $4,200          $27,600      Conversion costs 6,700          152,200      At the beginning of the period, there were 500 units in process that were 41% complete as to conversion costs and 100% complete as to direct materials costs. During the period, 5,400 units were started and completed. Ending inventory contained 400 units that were 27% complete as to conversion costs and 100% complete as to materials costs. The company uses the FIFO process costing method. The cost of completing a unit during the current period was

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