e. The November increase or decrease in costs per equivalent unit for direct materials and conversion from the previous month. If required, round your answers to two decimal places.Increase orAmountDecreaseChange in direct materials cost per equivalent$unit$Change in conversion cost per equivalent unit Costs per Equivalent Unit and Production CostsThe following information concerns production in the Forging Department for November. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. Thebeginning inventory consists of $47,160 of direct materials.ACCOUNT Work in Process-Forging DepartmentACCOUNT No.BalanceDateItemDebitCreditDebitCreditNov.1 Bal., 3,600 units, 60% completed52,12830 Direct materials, 33,000 units422,400474,52830 Direct labor34,420508,94830 Factory overhead47,540?556,48830 Goods finished, ? units?30 Bal., 2,900 units, 90% completed?Based on the above data, determine each of the following amounts.If required, round your interim calculations to two decimal places. Round final answers (a-c) to the nearest dollar.a. Cost of beginning work in process inventory completed in November.b. Cost of units transferred to the next department during November.c. Cost of ending work in process inventory on November 30.d. Costs per equivalent unit of direct materials and conversion included in the November 1 beginning work in process. If required, round your answers to two decimal places.Direct materials cost per eguivalent unitConversion cost per equivalent unit$4

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Description: e. The November increase or decrease in costs per equivalent unit for direct materials and conversion from the previous month. If required, round your answers to two decimal places.Increase orAmountDecreaseChange in direct materials cost per equival

Cost per equivalent unit= Total Cost/ Equivalent units Further equivalent units refer to the…

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Based on the above data, determine each of the following amounts. If required, round your interim calculations to two decimal places. Round final answers (a-c) to the nearest dollar. a. Cost of beginning work in process inventory completed in November. b. Cost of units transferred to the next department during November. c. Cost of ending work in process inventory on November 30. d. Costs per equivalent unit of direct materials and conversion included in the November 1 beginning work in process. If required, round your answers to two decimal places. Direct materials cost per equivalent unit $ Conversion cost per equivalent unit

Based on the above data, determine each of the following amounts. If required, round your interim calculations to two decimal places. Round final answers (a-c) to the nearest dollar. a. Cost of beginning work in process inventory completed in November. b. Cost of units transferred to the next department during November. c. Cost of ending work in process inventory on November 30. d. Costs per equivalent unit of direct materials and conversion included in the November 1 beginning work in process. If required, round your answers to two decimal places. Direct materials cost per equivalent unit $ Conversion cost per equivalent unit

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 14E: Cost per equivalent unit The following information concerns production in the Forging Department for...

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