ACCOUNTING HOMEWORK HELP

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(((3 SHORT QUESTIONS WITH 1 MCQ)))(( no big deal))

((((( 1st READ IT PROPERLY AND THEN START THE WORK)))))

 

On August 1, Jones Corporation's packaging department had Work in Process inventory of 8,000 units that were 75% complete with respect to materials and 30% complete with respect to conversion costs. The cost of these units was $99,525 ($62,000 transferred-in from previous departments, $28,775 in materials, and $8,750 in labor and overhead). During August, 125,000 units were transferred into the department. These units had accumulated costs in previous departments of $1,418,560. The packaging department incurred costs of $799,225 for materials and $498,010 for conversion costs in August and transferred 131,000 units out of the department. The 2,000 units remaining in ending inventory are 50% complete with respect to materials and 20% complete with respect to conversion costs. Jones Corporation uses the average cost method to cost its inventories.

Required

a.  Calculate the cost per equivalent unit for transferred-in costs, materials, and conversion costs. Round your answers to two decimal places.

Transferred-in costs$
Materials$
Conversion costs$

b.  Calculate the cost of the units transferred out of the department.

$

c.  Calculate the cost of the ending inventory.

$

 

THIS IS A MCQ:

Department G had 3,600 units, 25% completed at the beginning of the period, 11,000 units were completed during the period, 3,000 units were one-fifth completed at the end of the period, and the following manufacturing costs were debited to the departmental work in process account during the period:

 

 
Assuming that all direct materials are placed in process at the beginning of production and that the first-in, first-out method of inventory costing is used, what is the total cost of 3,600 units of beginning inventory which were completed during the period (round unit cost calculations to four decimal places)?

 

 a. $40,000 
 b. $62,206 
 c. $16,163 
 d. $19,275

    • Posted: 4 years ago
    • Due: 
    • Budget: $8
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      ACC 212 Help

      On August 1, Jones Corporation's packaging department had Work in Process inventory of 8,000 units that were 75% complete with respect to materials and 30% complete with respect to conversion costs. …

    • (((3 SHORT QUESTIONS WITH 1 MCQ)))(( no big deal))

      ((((( 1st READ IT PROPERLY AND THEN START THE WORK)))))

      On August 1, Jones Corporation's packaging department had Work in Process inventory of …

    • (((3 SHORT QUESTIONS WITH 1 MCQ)))(( no big deal))

      ((((( 1st READ IT PROPERLY AND THEN START THE WORK)))))

      On August 1, Jones Corporation's packaging department had Work in Process inventory of …