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Cullumber Company manufactures basketballs. The first step is the production of internal rubber bladders. Materials are added at the neginning of the production process, and conversion costs are incurred uniformly. Production and cost data for the Bladder Department for July 2022 are as follows. Percent Production Data-Basketballs Units Complete Work in process units, July 1 460 60 % Units started into production 1,150 Work in process units, July 31 600 40 % Cost Data-Basketballs Work in process, July 1 Materials $800 Conversion costs 600 $1,400 2,098 Direct materials 200 Direct labor 1,450 Manufacturing overhead

Cullumber Company manufactures basketballs. The first step is the production of internal rubber bladders. Materials are added at the neginning of the production process, and conversion costs are incurred uniformly. Production and cost data for the Bladder Department for July 2022 are as follows. Percent Production Data-Basketballs Units Complete Work in process units, July 1 460 60 % Units started into production 1,150 Work in process units, July 31 600 40 % Cost Data-Basketballs Work in process, July 1 Materials $800 Conversion costs 600 $1,400 2,098 Direct materials 200 Direct labor 1,450 Manufacturing overhead

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 1CMA: During December, Krause Chemical Company had the following selected data concerning the manufacture...
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Can you please help me understand how to calculate equivalent units of production for materials and conversion costs?

Cullumber Company manufactures basketballs. The first step is the production of internal rubber bladders. Materials are added at the peginning of the production process, and conversion costs are incurred uniformly. Production and cost data for the Bladder Department for July 2022 are as follows. Percent Production Data-Basketballs Units Complete Work in process units, July 1 460 60 % Units started into production 1,150 Work in process units, July 31 600 40 % Cost Data-Basketballs Work in process, July 1 Materials $800 Conversion costs 600 $1,400 2,098 Direct materials 200 Direct labor 1,450 Manufacturing overhead W SONY
Transcribed Image Text:Cullumber Company manufactures basketballs. The first step is the production of internal rubber bladders. Materials are added at the peginning of the production process, and conversion costs are incurred uniformly. Production and cost data for the Bladder Department for July 2022 are as follows. Percent Production Data-Basketballs Units Complete Work in process units, July 1 460 60 % Units started into production 1,150 Work in process units, July 31 600 40 % Cost Data-Basketballs Work in process, July 1 Materials $800 Conversion costs 600 $1,400 2,098 Direct materials 200 Direct labor 1,450 Manufacturing overhead W SONY
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