90.2K

Verified Solution

Link Copied!

legan Raggo Company uses the weighted average method of process costing. It had 50,000 units in beginning inventory, which were 65% complete as to materials and 70% complote as to corversion. During the month, it storted 90,000 units. At the ond of the month, 40,000 inits ware in inventory, which were 70% complete as to materials and 50% complete as to corversion. Cost information is as follows: A B C a Name: Megan Ragge E G Your score: 26% \begin{tabular}{l|r|r|} \hline Equlvalent Units of Proctuction & \\ \hline Equivalont units completed and transferred out & \multicolumn{2}{|c|}{ Direct materials } \\ Equivalent units for ending work in process & & \\ \cline { 2 - 3 } Total equivalent units of production & & \\ \hline Cost per Equivalont Unit of Production & Direct materials & Corversion \\ \hline Costs of beginning work in process inventory & $147,875 & 19775000% \\ \hline Costs added during month & 440,925 & 474,250 \\ \hline Total costs & $588,800 & $672,000 \\ \hline \end{tabular} Equivalent Units of Production Cost per equivalent unit of production Axsign and roconcilo costa Cost of units completed and transferred out Direct materials Conversion Total cost of units completed this period Cost of units in ending inventory Direct materials Conversion Total cost of units completed this period Total costs accounted for A B C a Name: Megan Ragge E G Your score: 26% \begin{tabular}{l|r|r|} \hline Equlvalent Units of Proctuction & \\ \hline Equivalont units completed and transferred out & \multicolumn{2}{|c|}{ Direct materials } \\ Equivalent units for ending work in process & & \\ \cline { 2 - 3 } Total equivalent units of production & & \\ \hline Cost per Equivalont Unit of Production & Direct materials & Corversion \\ \hline Costs of beginning work in process inventory & $147,875 & 19775000% \\ \hline Costs added during month & 440,925 & 474,250 \\ \hline Total costs & $588,800 & $672,000 \\ \hline \end{tabular} Equivalent Units of Production Cost per equivalent unit of production Axsign and roconcilo costa Cost of units completed and transferred out Direct materials Conversion Total cost of units completed this period Cost of units in ending inventory Direct materials Conversion Total cost of units completed this period Total costs accounted for legan Raggo Company uses the weighted average method of process costing. It had 50,000 units in beginning inventory, which were 65% complete as to materials and 70% complote as to corversion. During the month, it storted 90,000 units. At the ond of the month, 40,000 inits ware in inventory, which were 70% complete as to materials and 50% complete as to corversion. Cost information is as follows

Answer & Explanation Solved by verified expert

See Answer