Kamp Company uses the weighted-average
accounting teacherKamp Company uses the weighted-average method in its process costing. Information about units processed during a recent month in the Curing Department follow:
|
| Units | Conversion Percent Completion |
| Beginning work in process inventory........ | 10,000 | 30% |
| Units started into production.................... | 150,000 |
|
| Units completed and transferred out........ | 140,000 |
|
| Ending work in process inventory............. | 20,000 | 40% |
The beginning work in process inventory had $4,600 in conversion cost. During the month, the Department incurred an additional $210,000 in conversion cost.
Required:
a. Determine the equivalent units of production for conversion for the month.
b. Determine the cost per equivalent unit of production for conversion for the month.
c. Determine the total conversion cost transferred out during the month.
d. Determine the conversion cost assigned to the ending work in process inventory.
10 years ago
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