Take me to the text Barker Company uses the weighted average cost method under process...

90.2K

Verified Solution

Question

Accounting

image
image
Take me to the text Barker Company uses the weighted average cost method under process costing. It has no beginning work in process inventory. By the end of the period, the company has transferred 12,000 units to finished goods and kept 1,500 units in the work in process inventory. Ending WIP inventory is fully completed as to direct material cost and 70% completed in terms of conversion costs. The company has incurred $47,250 of direct materials and $70,470 of conversion costs. Do not.enter dollar sjgns or commas in the input boxes. Round all answers to the nearest whole unit. a) Determine the equivalent units for materials and conversion costs, b) Determine the cost per equivalent unit for direct materials and conversion costs, total cost transferred to finished goods, and total cost of ending WIP inventory. Round the Cost per Unit to 2 decimal places

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students