Business, 17.07.2020 18:01 alishabhappy1

Trek Company has the following production data for April : units transferred out 40,730, and ending work in process 6,020 units that are 100% complete for materials and 40% complete for conversion costs. If unit materials cost is $6 and unit conversion cost is $9,
Determine the costs to be assigned to the units transferred out and the units in ending work in process.

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Answer from: Bellzers8328

Cost assigned

Transferred out 610,950

Work in Progress 57,792

Explanation:

Cost assigned = cost per equivalent units × Number of equivalent units

Equivalent units = Degree of completion × units

The cost per unit for each expenditure type has been given so we need to determine the equivalent unit

The equivalent units for work in progress and units transferred would be worked out using the table below:

Equivalent units

Material Conversion cost

Transferred out 100%× 40,730= 40,730 100%×40,730= 40,730

Work in Progress 100%× 6020 =6,020 40%× 6020 = 2,408

Cost assigned:

Material Conversion cost Total

Transferred out (40,730 ×$6) + ( 40,730 ×$9)= 610,950

Work in progress (6,020× $6) + (2,408 ×$9) = 57,792

Cost assigned

Transferred out 610,950

Work in Progress 57,792

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Answer from: Quest

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Trek Company has the following production data for April : units transferred out 40,730, and ending...

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