Moureaux Corporation
Not what you're looking for?
Question 17: (Appendix 4A) Moureaux Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below:
Beginning work in process inventory:
Units in beginning work in process inventory 700
Materials costs $7,400
Conversion costs $12,200
Percent complete with respect to materials 70%
Percent complete with respect to conversion 60%
Units started into production during the month 5,200
Units transferred to the next department during the month 5,300
Materials costs added during the month $43,300
Conversion costs added during the month $200,000
Ending work in process inventory:
Units in ending work in process inventory 600
Percent complete with respect to materials 80%
Percent complete with respect to conversion 50%
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.
The cost per equivalent unit for conversion costs for the first department for the month is closest to:
$40.14
$39.96
$37.18
$38.61
Purchase this Solution
Solution Summary
This solution is comprised of a detailed explanation to answer what is the cost per equivalent unit for conversion costs for the first department for the month.
Solution Preview
Question 17:
(Appendix 4A) Moureaux Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below:
Beginning work in process inventory:
Units in beginning work in process inventory 700
Materials costs $7,400
Conversion costs $12,200
Percent complete with respect to materials 70%
Percent complete with respect to conversion 60%
Units started into production during the month 5,200
Units transferred to the next department during the month 5,300
Materials ...
Purchase this Solution
Free BrainMass Quizzes
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.
Learning Lean
This quiz will help you understand the basic concepts of Lean.
Organizational Behavior (OB)
The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.
Balance Sheet
The Fundamental Classified Balance Sheet. What to know to make it easy.
Academic Reading and Writing: Critical Thinking
Importance of Critical Thinking