05 Following is a partial production cost report for Mitchell Manufacturing's Canning department. Equivalent units of production (EUP) Completed and transferred out Ending Work in Process Cost per EUP Cost of beginning work in process Costs added this period Total costs Units 80,000 12,000 Direct Materials Percent Complete EUP 100% 100% Direct Materials $ 43,000 144,000 $ 187,000 + Equivalent units of production 92,000 Cost per EUP $ 2.03 per EUP The total conversion costs transferred out of the Canning department equals: 80,000 12,000 92,000 Conversion $ 63,200 193,600 $ 256,800 88,400 Conversion Percent Complete 100% 80% $ 2.90 per EUP EUP 80,000 8,400 88,400

05 Following is a partial production cost report for Mitchell Manufacturing's Canning department. Equivalent units of production (EUP) Completed and transferred out Ending Work in Process Cost per EUP Cost of beginning work in process Costs added this period Total costs Units 80,000 12,000 Direct Materials Percent Complete EUP 100% 100% Direct Materials $ 43,000 144,000 $ 187,000 + Equivalent units of production 92,000 Cost per EUP $ 2.03 per EUP The total conversion costs transferred out of the Canning department equals: 80,000 12,000 92,000 Conversion $ 63,200 193,600 $ 256,800 88,400 Conversion Percent Complete 100% 80% $ 2.90 per EUP EUP 80,000 8,400 88,400

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Description: 05Following is a partial production cost report for Mitchell Manufacturing's Canning department.Equivalent units of production (EUP)Completed and transferred outEnding Work in ProcessCost per EUPCost of beginning work in processCosts added this peri

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 14EA: A production department within a company received materials of $10,000 and conversion costs of...

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