Cost 1 - production for conversion costs. Answer Selected...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
The debits to Work-in-Process for Department #2 for the month of April of the current year, together with information concerning production, are presented below. All direct materials come from Department #1. The units completed include the 1,200 in process at the beginning of the period. Department #2 uses FIFO costing. WORK-IN-PROCESS - DEPARTMENT #2 1,200 units, 1/4 completed $1,200 Product X, 6,200 units ???? From Dept. 1, 6,000 units 3,600 Direct Labor 8,000 Factory Overhead 4,800 1,000 units, 1/2 complete ???? What are the total costs to be accounted for on the production cost report for Department #2 for the period? Answer Selected Answer: $17,600 Correct Answer: $17,600 Response Feedback: $1,200 + 3,600 + 8,000 + 4,800 = $17,600 Question 2 0 out of 0 points Determine the equivalent units of
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
Background image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: production for conversion costs. Answer Selected Answer: 6,400 Correct Answer: 6,400 Response Feedback: • Question 3 0 out of 0 points The conversion costs per equivalent units is Answer Selected Answer: $2.00 Correct Answer: $2.00 Response Feedback: • Question 4 0 out of 0 points The unit cost of Product X started and completed in the current period is Answer Selected Answer: $2.60 Correct Answer: $2.60 Response Feedback: • Question 5 0 out of 0 points The cost of goods transferred to finished goods is Answer Selected Answer: $16,000 Correct Answer: $16,000 Response Feedback: • Question 6 0 out of 0 points The cost of the ending Work-in-Process Inventory is Answer Selected Answer: $1,600 Correct Answer: $1,600 Response Feedback:...
View Full Document

This note was uploaded on 11/22/2011 for the course COST ACCOU 101 taught by Professor Dennis during the Spring '11 term at Post.

Page1 / 3

Cost 1 - production for conversion costs. Answer Selected...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online