![]() The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to: $51,114 Data concerning the first processing department for the most recent month are listed below: =$486,408 select the closet answer Mullins Corporation uses the FIFO method in its process costing system. The total cost transferred from the first processing department to the next processing department during the month is closest to: $490,382 =$62.36 Mullins Corporation uses the FIFO method in its process costing system. ![]() The cost per equivalent whole unit for the month in the first processing department is closest to: $62.36 =$43.05 Mullins Corporation uses the FIFO method in its process costing system. The cost per equivalent unit for conversion costs for the first department for the month is closest to: $43.05 =$19.31 Mullins Corporation uses the FIFO method in its process costing system. The cost per equivalent unit for materials for the month in the first processing department is closest to: $19.31 =245+7,100+750=8,095 Mullins Corporation uses the FIFO method in its process costing system. What are the equivalent units for conversion costs for the month in the first processing department? 8,095 =175+7,100+975=8,250 Mullins Corporation uses the FIFO method in its process costing system. What are the equivalent units for materials for the month in the first processing department? 8,250 Percentage complete with respect to conversion: 50% Percentage complete with respect to materials: 65% Units in ending work in process inventory: 1,500 Materials costs added during the month: $159,300Ĭonversion added during the month: $348,500 Units transferred to the next department during the months: 7,800 Units started into production during the month: 8600 Percentage complete with respect to conversion: 65% Percentage complete with respect to materials: 75% Units in beginning work in process inventory: 700 For each processing department Mullins Corporation uses the FIFO method in its process costing system. Only for the first processing in the departmentĭ. In a process cost system, a production cost report is prepared:Ī.
0 Comments
Leave a Reply. |