Question

A) The Filling Department of Eve Cosmetics Company had 3,700 ounces in beginning work in process...

A)

The Filling Department of Eve Cosmetics Company had 3,700 ounces in beginning work in process inventory (60% complete). During the period, 53,300 ounces were completed. The ending work in process inventory was 2,700 ounces (50% complete).

What are the total equivalent units for conversion costs?

If required, round to the nearest unit.

B)

The Filling Department of Eve Cosmetics Company had 9,400 ounces in beginning work in process inventory (40% complete). During the period, 58,700 ounces were completed. The ending work in process inventory was 2,900 ounces (60% complete).

What are the total equivalent units for direct materials if materials are added at the beginning of the process?

C)

The cost of direct materials transferred into the Filling Department of Eve Cosmetics Company is $179,490. The conversion cost for the period in the Filling Department is $318,750. The total equivalent units for direct materials and conversion are 57,900 ounces and 62,500 ounces, respectively.

Determine the direct materials and conversion costs per equivalent unit. If required, round to the nearest cent.

Direct materials cost per equivalent unit: $ per ounce
Conversion costs per equivalent unit:

$ per ounce

D)

The costs per equivalent unit of direct materials and conversion in the Filling Department of Eve Cosmetics Company are $0.80 and $1.55, respectively. The equivalent units to be assigned costs are as follows:

Equivalent Units
Direct Materials Conversion
Inventory in process, beginning of period 0 5,100
Started and completed during the period 64,000 64,000
Transferred out of Filling (completed) 64,000 69,100
Inventory in process, end of period 6,000 1,800
Total units to be assigned costs 70,000 70,900

The beginning work in process inventory had a cost of $3,420. Determine the cost of completed and transferred-out production and the ending work in process inventory. If required, round to the nearest dollar.

Completed and transferred-out production $
Inventory in process, ending $

Homework Answers

Answer #1
Answers : -
1. 56,130 units
Calculation :
(3700 x 40%) + 53,300 + (2700 x 50%) = 56,130
2. 66,080 units
Calculation :
- (9,400 × 60%)+ 58,700 + (2,900 × 60%) = 66,080
3. Direct material cost per equivalent unit = $3.1
Calculations - $179,490 ÷ 57,900 = $3.1
Conversion cost per equivalent units = $5.1
Calculations - $318,750 ÷ 62,500 = $5.1
4. Completed and transferred out production - direct material = 64,000 × 0.80 = 51,200 and conversion = 107,105
Inventory in process, ending = 6,000 × 0.80 = 4800 (direct material) and conversion = 1,800 × 1.55 = 2,790
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A) The Filling Department of Eve Cosmetics Company had 3,700 ounces in beginning work in process...
A) The Filling Department of Eve Cosmetics Company had 3,700 ounces in beginning work in process inventory (60% complete). During the period, 53,300 ounces were completed. The ending work in process inventory was 2,700 ounces (50% complete). What are the total equivalent units for conversion costs? If required, round to the nearest unit. B) The Filling Department of Eve Cosmetics Company had 9,400 ounces in beginning work in process inventory (40% complete). During the period, 58,700 ounces were completed. The...
3. The Filling Department of Eve Cosmetics Company had 6,600 ounces in beginning work in process...
3. The Filling Department of Eve Cosmetics Company had 6,600 ounces in beginning work in process inventory (40% complete). During the period, 60,400 ounces were completed. The ending work in process inventory was 5,400 ounces (60% complete). What are the total equivalent units for conversion costs? If required, round to the nearest unit. 4. The cost of direct materials transferred into the Filling Department of Eve Cosmetics Company is $194,340. The conversion cost for the period in the Filling Department...
1. The Filling Department of Eve Cosmetics Company had 2,200 ounces in beginning work in process...
1. The Filling Department of Eve Cosmetics Company had 2,200 ounces in beginning work in process inventory (70% complete). During the period, 36,100 ounces were completed. The ending work in process inventory was 2,500 ounces (10% complete). What are the total equivalent units for conversion costs? If required, round to the nearest unit. __________ units 2. The cost of direct materials transferred into the Filling Department of Eve Cosmetics Company is $99,500. The conversion cost for the period in the...
1. The Filling Department of Eve Cosmetics Company had 4,600 ounces in beginning work in process...
1. The Filling Department of Eve Cosmetics Company had 4,600 ounces in beginning work in process inventory (30% complete). During the period, 45,900 ounces were completed. The ending work in process inventory was 2,300 ounces (30% complete). What are the total equivalent units for conversion costs? If required, round to the nearest unit. 2. The cost of direct materials transferred into the Filling Department of Eve Cosmetics Company is $256,000. The conversion cost for the period in the Filling Department...
Equivalent Units of Conversion Costs The Filling Department of Eve Cosmetics Company had 3,900 ounces in...
Equivalent Units of Conversion Costs The Filling Department of Eve Cosmetics Company had 3,900 ounces in beginning work in process inventory (20% complete). During the period, 35,800 ounces were completed. The ending work in process inventory was 2,900 ounces (60% complete). What are the total equivalent units for conversion costs? If required, round to the nearest unit. --------- units 2.   Cost per Equivalent Unit The cost of direct materials transferred into the Filling Department of Eve Cosmetics Company is $412,080....
1.) Eve Cosmetics Company consists of two departments, Blending and Filling. The Filling Department received 69,700...
1.) Eve Cosmetics Company consists of two departments, Blending and Filling. The Filling Department received 69,700 ounces from the Blending Department. During the period, the Filling Department completed 84,600 ounces, including 20,500 ounces of work in process at the beginning of the period. The ending work in process inventory was 5,600 ounces. How many ounces were started and completed during the period? ounces 2.) The Filling Department of Eve Cosmetics Company had 5,800 ounces in beginning work in process inventory...
The Filling Department of Eve Cosmetics Company had 6,300 ounces in beginning work in process inventory...
The Filling Department of Eve Cosmetics Company had 6,300 ounces in beginning work in process inventory (20% complete). During the period, 78,600 ounces were completed. The ending work in process inventory was 5,500 ounces (40% complete). What are the total equivalent units for conversion costs?
20-2 2. The Filling Department of Eve Cosmetics Company had 4,000 ounces in beginning work in...
20-2 2. The Filling Department of Eve Cosmetics Company had 4,000 ounces in beginning work in process inventory (20% complete). During the period, 65,900 ounces were completed. The ending work in process inventory was 3,300 ounces (90% complete). What are the total equivalent units for direct materials if materials are added at the beginning of the process?
Equivalent Units of Conversion Costs The Filling Department of Eve Cosmetics Company had 3,500 ounces in...
Equivalent Units of Conversion Costs The Filling Department of Eve Cosmetics Company had 3,500 ounces in beginning work in process inventory (10% complete). During the period, 44,200 ounces were completed. The ending work in process inventory was 3,100 ounces (90% complete). What are the total equivalent units for conversion costs? If required, round to the nearest unit. ____ units
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of...
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: Equivalent Units 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...