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Determine cost of completed and transferred-out production

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Reference no: EM132525414

Question - The costs per equivalent unit of direct materials and conversion in the Filling Department of Lilac Skin Care Company are $0.45 and $0.15, respectively. The equivalent units to be assigned costs are as follows:

 

Equivalent Units

 

Direct Materials

Conversion

Inventory in process, beginning or period

0

1,200

Started and completed during the period

38,800

38,800

Transferred out of filling (completed)

38,800

40,000

Inventory in process, end of period

6,200

2,480

Total units to be assigned costs

45,000

42,480

The beginning work in process inventory had cost of $25,000. Determine the cost of completed and transferred-out production and the ending work in process inventory.

Reference no: EM132525414

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