Please help solve Use inormaton for Krepes Corporabon below

Please help solve

Use inormaton for Krepes Corporabon below to answer the fol Kreppe Corporabion uses the weighted average method in its process costing system Data conceming the first processing depa the most recent month are listed below 750 13,400 B,600 Begnning work in process inventery Unts n begineing work in process inventory Manerial costs Convers on costs 40% Pertent complete with respect to materials Percent complete with respect to conversion 25% 8,300 188,200 Unts stared into production during the month Vaterial costs added durning the month Conversion costs added during the month Ending work-n-process ivemory $ S 326,600 1200 80% 30% Peroent complete wih respect to materials Percent compiete with respect to conversian 7 The cost per equivalent unt for maternias in the frst processing departmant for the month is closes: to A S40.83 $ 22.88 C 349 5 23.44 $ 22.28 8 The conversion costs assigned to the ending work-in-process inventory in the first processing department according to t cost system is elosest to he company\'s $ 14,218 B 21968 c 14,898 C s o 179,632 E 320,502

Solution

UNITS TO ACCOUNT FOR: Beginning Work in Process units 750 Add: Units Started in Process 8,300 Total Units to account for: 9,050 UNITS TO BE ACCOUNTED FOR: Units started and completed 7,850 Ending Work in Process 1,200 Total Units to be accounted for: 9,050 Equivalent Units: Material Cost Conversion % Completion Units % Completion Units Units started and completed 100% 7,850 100% 7,850 Ending Work in Process 80% 960 30% 360 Total Equivalent units 8,810 8,210 TOTAL COST TO ACCOUNT FOR: Material Conversion Beginning work in Process 13,400 8,600 Cost Added during May 188,200 326,600 Total Cost to account for: 201,600 335,200 Total Cost to account for: 536,800 COST PER EQUIVALENT UNIT: Material Conversion Total cost added during the year 201,600 335,200 Equivalent Units 8,810 8,210 Cost per Equivalent unit 22.88 40.83 Units started and Transferred out (7850 units) Equivalent unit Cost per EU Total Cost Material 7,850 22.88 179608 Conversion Cost 7,850 40.83 320515.5 Total Cost of Units completed and transferred out: 500123.5 Ending Work in process (1200 units) Equivalent unit Cost per EU Total Cost Material 960 22.88 21964.8 Conversison Cost 360 40.83 14698.8 Total cost of Ending Work in process: 36,664 Q7. Answer is B. $ 22.88 Q8. Answer is C. $ 14698