10 4 Breckenridge Corporation manufactures a part in a single production process in Department B. The company reports the following information about conversion costs for June: points WIP at June 1 (65% complete) Units started and costs incurred during June Units 60,000 320,000 270,000 Conversion Costs $ 132,600 939,675 ? eBook Print References Units completed and transferred to finished goods during June Work-in-process ending inventory was 45 percent complete with respect to conversion costs. Breckenridge uses FIFO for product costing. Required: a-1. Compute the equivalent units for conversion costs. a-2. Compute the cost per equivalent unit for conversion costs. a-3. What was the conversion cost of work-in-process inventory in Department B on June 30? b. What were the conversion costs per equivalent unit produced last period and this period, respectively? Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req A3 Req B What was the conversion cost of work-in-process inventory in Department B on June 30? Note: Do not round intermediate calculations. Conversion cost Individual Assignment #2 < Req A2 Req B > Saved 4 Breckenridge Corporation manufactures a part in a single production process in Department B. The company reports the following information about conversion costs for June: 10 points WIP at June 1 (65% complete) Units started and costs incurred during June Units completed and transferred to finished goods during June Units Conversion Costs 60,000 320,000 270,000 $ 132,600 939,675 ? Work-in-process ending inventory was 45 percent complete with respect to conversion costs. Breckenridge uses FIFO for product eBook costing. Required: Print a-1. Compute the equivalent units for conversion costs. a-2. Compute the cost per equivalent unit for conversion costs. a-3. What was the conversion cost of work-in-process inventory in Department B on June 30? References b. What were the conversion costs per equivalent unit produced last period and this period, respectively? Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req A3 Req B What were the conversion costs per equivalent unit produced last period and this period, respectively? Note: Round your answers to 2 decimal places. Previous period Current period Cost per Equivalent Unit 10 4 Breckenridge Corporation manufactures a part in a single production process in Department B. The company reports the following information about conversion costs for June: points WIP at June 1 (65% complete) Units started and costs incurred during June Units completed and transferred to finished goods during June Units 60,000 320,000 270,000 Conversion Costs $ 132,600 939,675 ? eBook Work-in-process ending inventory was 45 percent complete with respect to conversion costs. Breckenridge uses FIFO for product costing. Print References Required: a-1. Compute the equivalent units for conversion costs. a-2. Compute the cost per equivalent unit for conversion costs. a-3. What was the conversion cost of work-in-process inventory in Department B on June 30? b. What were the conversion costs per equivalent unit produced last period and this period, respectively? Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req A3 Req B Compute the equivalent units for conversion costs. Equivalent units Individual Assignment #2 10 < Req A1 Req A2 > Saved 4 Breckenridge Corporation manufactures a part in a single production process in Department B. The company reports the following information about conversion costs for June: points WIP at June 1 (65% complete) Units started and costs incurred during June Units completed and transferred to finished goods during June eBook Print References Units 60,000 320,000 270,000 Conversion Costs $ 132,600 939,675 ? Work-in-process ending inventory was 45 percent complete with respect to conversion costs. Breckenridge uses FIFO for product costing. Required: a-1. Compute the equivalent units for conversion costs. a-2. Compute the cost per equivalent unit for conversion costs. a-3. What was the conversion cost of work-in-process inventory in Department B on June 30? b. What were the conversion costs per equivalent unit produced last period and this period, respectively? Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req A3 Req B Compute the cost per equivalent unit for conversion costs. Note: Round your answer to 2 decimal places. Cost per equivalent unit
10 4 Breckenridge Corporation manufactures a part in a single production process in Department B. The company reports the following information about conversion costs for June: points WIP at June 1 (65% complete) Units started and costs incurred during June Units 60,000 320,000 270,000 Conversion Costs $ 132,600 939,675 ? eBook Print References Units completed and transferred to finished goods during June Work-in-process ending inventory was 45 percent complete with respect to conversion costs. Breckenridge uses FIFO for product costing. Required: a-1. Compute the equivalent units for conversion costs. a-2. Compute the cost per equivalent unit for conversion costs. a-3. What was the conversion cost of work-in-process inventory in Department B on June 30? b. What were the conversion costs per equivalent unit produced last period and this period, respectively? Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req A3 Req B What was the conversion cost of work-in-process inventory in Department B on June 30? Note: Do not round intermediate calculations. Conversion cost Individual Assignment #2 < Req A2 Req B > Saved 4 Breckenridge Corporation manufactures a part in a single production process in Department B. The company reports the following information about conversion costs for June: 10 points WIP at June 1 (65% complete) Units started and costs incurred during June Units completed and transferred to finished goods during June Units Conversion Costs 60,000 320,000 270,000 $ 132,600 939,675 ? Work-in-process ending inventory was 45 percent complete with respect to conversion costs. Breckenridge uses FIFO for product eBook costing. Required: Print a-1. Compute the equivalent units for conversion costs. a-2. Compute the cost per equivalent unit for conversion costs. a-3. What was the conversion cost of work-in-process inventory in Department B on June 30? References b. What were the conversion costs per equivalent unit produced last period and this period, respectively? Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req A3 Req B What were the conversion costs per equivalent unit produced last period and this period, respectively? Note: Round your answers to 2 decimal places. Previous period Current period Cost per Equivalent Unit 10 4 Breckenridge Corporation manufactures a part in a single production process in Department B. The company reports the following information about conversion costs for June: points WIP at June 1 (65% complete) Units started and costs incurred during June Units completed and transferred to finished goods during June Units 60,000 320,000 270,000 Conversion Costs $ 132,600 939,675 ? eBook Work-in-process ending inventory was 45 percent complete with respect to conversion costs. Breckenridge uses FIFO for product costing. Print References Required: a-1. Compute the equivalent units for conversion costs. a-2. Compute the cost per equivalent unit for conversion costs. a-3. What was the conversion cost of work-in-process inventory in Department B on June 30? b. What were the conversion costs per equivalent unit produced last period and this period, respectively? Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req A3 Req B Compute the equivalent units for conversion costs. Equivalent units Individual Assignment #2 10 < Req A1 Req A2 > Saved 4 Breckenridge Corporation manufactures a part in a single production process in Department B. The company reports the following information about conversion costs for June: points WIP at June 1 (65% complete) Units started and costs incurred during June Units completed and transferred to finished goods during June eBook Print References Units 60,000 320,000 270,000 Conversion Costs $ 132,600 939,675 ? Work-in-process ending inventory was 45 percent complete with respect to conversion costs. Breckenridge uses FIFO for product costing. Required: a-1. Compute the equivalent units for conversion costs. a-2. Compute the cost per equivalent unit for conversion costs. a-3. What was the conversion cost of work-in-process inventory in Department B on June 30? b. What were the conversion costs per equivalent unit produced last period and this period, respectively? Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req A3 Req B Compute the cost per equivalent unit for conversion costs. Note: Round your answer to 2 decimal places. Cost per equivalent unit
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 13E: Errors in equivalent unit computation Napco Refining Company processes gasoline. On June 1 of the...
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