Business, 08.03.2021 19:30 broyochey1

He5-B9q Company operates two departments, the handling department and the packaging department. During May, the handling department reported the following information: % complete % complete units DM conversion work in process, May 1 113,000 33% 48% units started during May 201,000 work in process, May 31 169,000 74% 28% The cost of beginning work in process and the costs added during May were as follows: DM Conversion work in process, May 1 $ 94,128 $ 59,904 costs added during May $418,986 $372,816 Calculate the total cost of the 113,000 units in beginning work in process using the FIFO process costing method.

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Answer from: tdahna0403

Total cost of the 113,000 units in beginning work in process is $282,628.58.

Explanation:

Note: The data in the question are merged together. They are therefore sorted before answering question by presenting the complete question as follows:

He5-B9q Company operates two departments, the handling department and the packaging department. During May, the handling department reported the following information:

% complete % complete

units DM conversion

work in process, May 1 113,000 33% 48%

units started during May 201,000

work in process, May 31 169,000 74% 28%

The cost of beginning work in process and the costs added during May were as follows:

DM Conversion

work in process, May 1 $94,128 $59,904

costs added during May $418,986 $372,816

Calculate the total cost of the 113,000 units in beginning work in process using the FIFO process costing method.

Explanation of the answer is now provided as follows:

This total cost of the 113,000 units in beginning work in process using the FIFO process costing method calculated using the following 4 steps:

Step 1: Calculation of equivalent units

Particulars DM Conversion

To complete work in process, May 1:

113000*(1-33%) 75,710

113000*(1-48%) 58,760

Units started and completed (w.1) 88,000 88,000

Work in process, May 31:

169000*74% 125,060

169000*28% 47,320

Equivalent units 288,770 194,080

Step 2: Calculation of cost per equivalent units

Cost per Equivalent unit = Costs incurred during May / Equivalent units (1)

Using equation (1), we have:

DM Cost per Equivalent unit = $418,986 / 288,770 = $1.45

Conversion Cost per Equivalent unit = $288,770 / 194,080 = $1.92

Step 3: Calculation of Total Cost to complete work in process, May 1

Cost to complete work in process, May 1 = To complete work in process, May 1 * Cost per Equivalent unit (2)

Using equation (1), we have:

DM Cost to complete work in process, May 1 = 75,710.00 * $1.45 = $109,850.16

Conversion Cost to complete work in process, May 1 = 58,760 * $1.92 = $112,874.42

Total Cost to complete work in process, May 1 = DM Cost to complete work in process, May 1 + Conversion Cost to complete work in process, May 1 = $109,850.16 + $112,874.42 + $222,724.58

Step 4: Calculation of Total cost of the 113,000 units in beginning work in process

Total cost of the 113,000 units in beginning work in process = Work in process, May 1 + Cost to complete work in process, May 1 = $59,904 + $222,724.58 + $282,628.58

Workings:

w.1: Units started and completed = Units started during May - Work in process, May 1 = 201,000 - 113,000 = 88,000

Answer from: Quest

Your not allowed to ask their age, only if they're above 18, you cannot ask if they have ever been arrested, convicted, or spent time in jail prior to employment (you can however ask a question like "perhaps this job required security clearance, would you be able to attain it? "). you also cannot ask the severity or nature of any disabilities they have but similar to criminal record can ask if they are able to preform the job safely. in addition to this, you can ask *after* an interview if they're married for insurance reasons. so it appears to be c and d, but if you can only chose one it would probably be b.

Answer from: Quest

answer: b 56, 250

explanation:

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