Process cost 2 sector give somebody the third degree?
Media corp. have the following information available for the year:
Beginning inventory of stuff within process
40% complete, 1,100.……………………….200 units
Ending inventory of stock contained by progress
80% complete……………………………….400 units
Total units started during the year…………………..3,200 units
Total engineering costs incurred
During the year……………………………..$47,600
1. The equivalent part processing cost is equal to
a) $47,600/equivalent finished unit for the year
b) $48,700/equivalent finished unit for the year
C)$46,500/equivalent finished unit for the year
d) $14,875 per Eup
e) None of the above are correct
2. The number of unit transferred to finished commodities during the year is
a) 3,200 units
b) 3,000 units
c) 3,400 units
d) 3,160 units
e) can not be given from info given
Answers:
Part 2 is categorically B - if nearby be 200 unit contained by inventory and I started 3200 more near be a total of 3400 surrounded by process for the year. With merely 400 remaining that would stingy 3000 be finished.
Part 1 I believe is also B. $47,600 costs from this year have to be included and I believe you should also include the $1100 that be carried within inventory at the terminate of concluding year for a true forethought of Eup.
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Beginning inventory of stuff within process
40% complete, 1,100.……………………….200 units
Ending inventory of stock contained by progress
80% complete……………………………….400 units
Total units started during the year…………………..3,200 units
Total engineering costs incurred
During the year……………………………..$47,600
1. The equivalent part processing cost is equal to
a) $47,600/equivalent finished unit for the year
b) $48,700/equivalent finished unit for the year
C)$46,500/equivalent finished unit for the year
d) $14,875 per Eup
e) None of the above are correct
2. The number of unit transferred to finished commodities during the year is
a) 3,200 units
b) 3,000 units
c) 3,400 units
d) 3,160 units
e) can not be given from info given
Answers:
Part 2 is categorically B - if nearby be 200 unit contained by inventory and I started 3200 more near be a total of 3400 surrounded by process for the year. With merely 400 remaining that would stingy 3000 be finished.
Part 1 I believe is also B. $47,600 costs from this year have to be included and I believe you should also include the $1100 that be carried within inventory at the terminate of concluding year for a true forethought of Eup.