Georgia Products Inc. completed and transferred 172,000 particle board units of production from the Pressing Department. There was no beginning inventory in process in the department. The ending in-process inventory was 15,000 units, which were 3/4 complete as to conversion cost. All materials are added at the beginning of the process. Direct materials cost incurred was $906,950, direct labor cost incurred was $192,960, and factory overhead applied was $45,265. Determine the following for the Pressing Department. Round "cost per equivalent unit" answers to the nearest cent. a. Total conversion cost b. Conversion cost per equivalent unit c. Direct materials cost per equivalent unit

Georgia Products Inc. completed and transferred 172,000 particle board units of production from the Pressing Department. There was no beginning inventory in process in the department. The ending in-process inventory was 15,000 units, which were 3/4 complete as to conversion cost. All materials are added at the beginning of the process. Direct materials cost incurred was $906,950, direct labor cost incurred was $192,960, and factory overhead applied was $45,265. Determine the following for the Pressing Department. Round "cost per equivalent unit" answers to the nearest cent. a. Total conversion cost b. Conversion cost per equivalent unit c. Direct materials cost per equivalent unit

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Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 9PA: The packaging department began the month with 500 units that were 100% complete with regard to...

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please dont provide answer in image format thank you The ABC Company had beginning work in process inventory of 50,000 and ending work in process inventory of 55,000. Manufacturing overheadapplied to work in process during the period was 78,000 and actual manufacturing overhead was 87,000. Unadjusted cost of goods sold was 900,000.What is ABC Company's adjusted cost of goods sold? A 886,000 B 891,000 C 909,000 D 914,000