Mountainside Industries Manufactures Specialized Plastic Boxes in Two Processes: Molding

Mountainside Industries manufactures specialized plastic boxes in two processes: Molding and Packaging. In the Packaging Department, materials are added at the end of the process. The following data are given: $$\begin{array}{l}\begin{array} { l r r r r r } &&&\text { Costs }\\& \text { Units } & \text { Trans.-in } & \text { Materials } & \text { Conv. } \\\text { Work in process, July 1 } & 30 & \$ 1,590 & \$ 0 & \$ 513 \\\text { Transferred in during July } & ? & & & & \\\text { Completed during July } & 105 & & & & \\\text { Work in process, July 31 } & 15 & & & & \\\text { Costs added during July } & & \$ 4,410 & \$ 1,050 & \$ 1,767\end{array}\end{array}$$ The conversion process on the beginning inventory is 70 percent completed and the ending inventory is 60 percent completed. Rounded to two decimal places, Mountainside's cost per equivalent units for transferred-in costs using weighted average would be

A) $49.00.
B) $50.00.
C) $57.14.
D) $66.67.

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free