The cost per equivalent unit of direct materials and conversion in the Bottling Department of Beverages on Jolt Company is $0.47 and $0.15, respectively. The equivalent units to be assigned costs are as follows: The beginning work in process inventory had a cost of $3,500. Determine the cost of completed and transferred-out production, and the ending work in process inventory.

Question

The cost per equivalent unit of direct materials and conversion in the Bottling Department of Beverages on Jolt Company is $0.47 and $0.15, respectively. The equivalent units to be assigned costs are as follows:  The beginning work in process inventory had a cost of $3,500. Determine the cost of completed and transferred-out production, and the ending work in process inventory.

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The Answer of The cost per equivalent unit of direct materials and conversion in the Bottling Department of Beverages on Jolt Company is $0.47 and $0.15, respectively. The equivalent units to be assigned costs are as follows:  The beginning work in process inventory had a cost of $3,500. Determine the cost of completed and transferred-out production, and the ending work in process inventory.

The Cost Per Equivalent Unit of Direct Materials and Conversion