FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- The first processing department of ATIC CO., the Welding Department, started the month with 18,000 units in its beginning work in process inventory that were 60% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was P64,800. An additional 84,000 units were started into production during the month and 78,000 units were completed and transferred to the next processing department. At the end of the month there were 24,000 units in the ending work in process inventory that were 30% complete with respect to conversion costs. A total of P431,520 in conversion costs were incurred in the department during the month. What would be the cost per equivalent unit for conversion costs for the month if the department uses Average?arrow_forwardPlease don't give image formatarrow_forwardIn the month of June, a department had 23000 units in beginning work in process inventory that were 60% complete. During June, 88000 units were transferred into production from another department. At the end of June there were 11000 units in ending work in process inventory that were 30% complete as to conversion. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. How many units were transferred out in June? O 88000 units. O 100000 units. O 111000 units. O 77000 units.arrow_forward
- A department adds raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of July, there were no units in the beginning work in process inventory; 60,000 units were started into production in July; and there were 15,000 units that were 40% complete in the ending work in process inventory at the end of July. What were the equivalent units of production for conversion costs for the month of July?arrow_forwardPearl Company has the following production information for October: 60,000 units transferred out and 20,000 units in ending work in process that are 100 percent complete for materials and 60 percent complete for conversion costs. Materials cost is $12 per equivalent unit and conversion cost is $16 per equivalent unit. Determine the cost assigned to the units transferred out and the units in ending work in process using the weighted-average method.arrow_forwardPlease help me with show all calculation thankuarrow_forward
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