FINANCIAL ACCOUNTING
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ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Cost of units transferred out and ending work in process.
The costs per equivalent unit of direct materials and conversion in the Filling Department of Eve Cosmetics Company are $0.40 and $0.10, respectively. The equivalent units to be assigned costs are as follows:
| EquivalentUnits | ||
| Direct Materials | Conversion | |
| Inventory in process, beginning of period | 0 | 1,600 |
| Started and completed during the period | 42,000 | 42,000 |
| Transferred out of Filling (completed) | 42,000 | 43,600 |
| Inventory in process, end of period | 8,000 | 2,000 |
| Total units to be assigned costs | 50,000 | 45,600 |
The beginning work in process inventory had a cost of $l,800. Determine the cost of completed and transferred-out production and the ending work in process inventory.
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