Business, 30.07.2021 02:40 hanahspeers

Sumter Corporation uses the weighted-average method in its process costing system. The following data pertain to operations in the first processing department for a recent month: Work in process, beginning:
Units in process 6,000
Percent complete with respect to materials 60%
Percent complete with respect to conversion 20%
Costs in the beginning inventory:
Materials cost $78,200
Conversion cost $3,600
Units started during the month ?
Units completed and transferred out
During the month 70,000
Costs added to production during the month:
Materials cost $286,600
Conversion cost 216,000
Work in process, ending:
Units in process 8,000
Percent complete with respect to materials . 75%
Percent complete with respect to conversion 25%

Required
a. How many units were started into production during the month?
b. What was the cost per equivalent unit for conversion during the month?
c. How much cost, in total, was assigned to the units transferred out to the next department during the month?

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 01:20, Becky81

Which of the following statements concerning an organization's strategy is true? a. cost accountants formulate strategy in an organization since they have more inputs about costs. b. businesses usually follow one of two broad strategies: offering a quality product at a high price, or offering a unique product or service priced lower than the competition. c. a good strategy will always overcome poor implementation. d. strategy specifies how an organization matches its own capabilities with the opportunities in the marketplace to accomplish its objectives.

Answers: 1

continue

Business, 22.06.2019 06:30, solphiafischer

Individual consumers belong to which step of choosing a target market? possible customers competition demographics communication

Answers: 2

continue

Business, 22.06.2019 09:20, eelebron0905

Which statement best defines tuition? tuition is federal money awarded to a student. tuition is aid given to a student by an institution. tuition is money borrowed to pay for an education. tuition is the price of attending classes at a school.

Answers: 1

continue

Business, 22.06.2019 11:00, mmcdaniels46867

Companies hd and ld are both profitable, and they have the same total assets (ta), total invested capital, sales (s), return on assets (roa), and profit margin (pm). both firms finance using only debt and common equity. however, company hd has the higher total debt to total capital ratio. which of the following statements is correct? a) company hd has a higher assets turnover than company ld. b) company hd has a higher return on equity than company ld. c) none of the other statements are correct because the information provided on the question is not enough. d) company hd has lower total assets turnover than company ld. e) company hd has a lower operating income (ebit) than company ld

Answers: 2

continue

You know the right answer?

Sumter Corporation uses the weighted-average method in its process costing system. The following dat...