Answer:
Completed and transferred-out production $ 116,500
Inventory in process, ending $3150
Explanation:
Eve Cosmetics Company
Filling Department
Costs per equivalent unit of direct materials $0.25
Costs per equivalent unit of conversion $ 2.00
Equivalent Units
Particulars Direct Materials Conversion
Inventory in process, beginning of period 0 2,500
Started and completed during the period 50,000 50,000
Transferred out of Filling (completed) 50,000 52,500
Inventory in process, end of period 3,000 1,200
Total units to be assigned costs 53,000 53,700
<em>We multiply the cost per unit to the equivalent units of production both in the completed and ending inventory to get the total costs.</em>
Completed and transferred-out production $ 116,500
Materials = 50,000 units * $ 0.25= $12500
Conversion = 52,000 units * $ 2.0= $104,000
Inventory in process, ending $3150
Materials = 3,000 units * $ 0.25= $ 750
Conversion = 12,00 units * $ 2.0= $2400
