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Author Question: Use the information below to answer the following questions:Brooks Corporation uses the ... (Read 66 times)

karateprodigy

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Use the information below to answer the following questions:

Brooks Corporation uses the weighted-average method for process costing and has two sequential processing departments: Assembly then Shaping.  The Shaping Department reports the following information.

Beginning WIP inventory6,000 units
Transferred-in costs in beginning WIP inventory$108,000
Direct materials cost in beginning WIP inventory$26,500
Conversion costs in beginning WIP inventory$20,750
Units transferred-in55,000 units
Transferred-in costs$530,000
Units completed50,000
Costs added:  direct materials$163,500
Costs added:  conversion costs$225,300
Ending WIP inventory11,000 units
(50% complete for materials and 40% complete for conversion)

What is the total number of equivalent units for conversion costs at Brooks Corporation?
◦ 61,000
◦ 54,400
◦ 59,400
◦ 52,400


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Marked as best answer by karateprodigy on Jan 5, 2020

leahm14

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big1devin

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Use the information below to answer the following questions:

Brooks Corporation uses the weighted-average method for process costing and has two sequential processing departments: Assembly then Shaping.  The Shaping Department reports the following information.

Beginning WIP inventory6,000 units
Transferred-in costs in beginning WIP inventory$108,000
Direct materials cost in beginning WIP inventory$26,500
Conversion costs in beginning WIP inventory$20,750
Units transferred-in55,000 units
Transferred-in costs$530,000
Units completed50,000
Costs added:  direct materials$163,500
Costs added:  conversion costs$225,300
Ending WIP inventory11,000 units
(50% complete for materials and 40% complete for conversion)

At Brooks Corporation the total cost of units in ending WIP inventory-Shaping would be closest to
◦ $38,730
◦ $110,433
◦ $202,460
◦ $153,779




melina_rosy

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Use the information below to answer the following questions:

Brooks Corporation uses the weighted-average method for process costing and has two sequential processing departments: Assembly then Shaping.  The Shaping Department reports the following information.

Beginning WIP inventory6,000 units
Transferred-in costs in beginning WIP inventory$108,000
Direct materials cost in beginning WIP inventory$26,500
Conversion costs in beginning WIP inventory$20,750
Units transferred-in55,000 units
Transferred-in costs$530,000
Units completed50,000
Costs added:  direct materials$163,500
Costs added:  conversion costs$225,300
Ending WIP inventory11,000 units
(50% complete for materials and 40% complete for conversion)

At Brooks Corporation the total cost of units transferred to finished goods would be closest to
◦ $397,320
◦ $920,271
◦ $918,800
◦ $1,012,298




 

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