Data concerning a recent periodâs activity in the PrepDepartment, the first processing department in a company that usesprocess costing, appear below: Materials Conversion Equivalentunits of production in ending work in process 2,070 830 Cost perequivalent unit $14.56 $4.73 A total of 21,200 units were completedand transferred to the next processing department during theperiod. Required: Compute the cost of the units transferred to thenext department during the period and the cost of ending work inprocess inventory. (Round your final answers to the nearest wholedollar amount.)
Cost of ending work in process inventory: Materials???Conversion??? Total??
Cost of units transferred out Materials??? Conversion???Total???
Maria Am Corporation uses a process costing system. The BakingDepartment is one of the processing departments in its strudelmanufacturing facility. In June in the Baking Department, the costof beginning work in process inventory was $4,860, the cost ofending work in process inventory was $1,110, and the cost added toproduction was $25,100.
Required:
Prepare a cost reconciliation report for the Baking Departmentfor June.
Data concerning a recent periodâs activity in the PrepDepartment, the first processing department in a company that usesprocess costing, appear below: Materials Conversion Equivalentunits of production in ending work in process 2,070 830 Cost perequivalent unit $14.56 $4.73 A total of 21,200 units were completedand transferred to the next processing department during theperiod. Required: Compute the cost of the units transferred to thenext department during the period and the cost of ending work inprocess inventory. (Round your final answers to the nearest wholedollar amount.)
Cost of ending work in process inventory: Materials???Conversion??? Total??
Cost of units transferred out Materials??? Conversion???Total???
Maria Am Corporation uses a process costing system. The BakingDepartment is one of the processing departments in its strudelmanufacturing facility. In June in the Baking Department, the costof beginning work in process inventory was $4,860, the cost ofending work in process inventory was $1,110, and the cost added toproduction was $25,100. |
Required: |
Prepare a cost reconciliation report for the Baking Departmentfor June. |