Process Costing with Equivalent Units and Beginning Inventory

question 35

Essay

Process costing with equivalent units and beginning inventory
The records of Westminster Manufacturing Company for the month of May show the following costs in Department A: The beginning inventory for May consisted of 10,000 units which were 80% complete as to direct materials and 60% complete as to labor and overhead.A total of 100,000 units were completed and transferred out during May,and 20,000 units remained in the work in process inventory.The ending inventory was 80% complete as to direct materials and 40% complete as to labor and overhead.Compute the following:
(a)Direct materials cost per equivalent unit: $_______________
(b)Equivalent units of production for direct labor and overhead: ________________
(c)Total cost of 100,000 units completed: $________________
(d)Total cost of 20,000 units in process at the end of the month: $________________

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Definitions:

Freud

Sigmund Freud was an Austrian neurologist who founded the discipline of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Personality Changes

Alterations in an individual's characteristic patterns of thinking, feeling, and behaving, potentially due to various factors like life events, trauma, or mental health conditions.

Jung

Carl Jung, a Swiss psychiatrist and psychoanalyst who founded analytical psychology, known for his concepts of the collective unconscious, archetypes, and introversion and extraversion.

Adulthood

is a phase of human development that follows adolescence and is characterized by full physical development, maturity, and the assumption of adult roles and responsibilities.