Question
The cost per equivalent units of direct materials and conversion in the Bottling Department of Beverages...
The cost per equivalent units of direct materials and conversion in the Bottling Department of Beverages on Jolt Company is $0.50 and $0.20, respectively. The equivalent units to be assigned costs are as follows:
Direct
Materials
Conversion
Inventory in process, beginning of period0 2,800
Started and completed during the period52,280 52,280
Transferred out of Bottling (completed)52,280 55,080
Inventory in process, end of period3,450 2,400
Total units to be assigned costs55,730 57,480
The beginning work in process inventory had a cost of $3,100. Determine the cost of completed and transferred out production, and the ending work in process inventory.
Completed and transferred out production$
Inventory in process, ending$
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