Information for the Hi-Test company's production process for September follows. Assume that all materials are added at the beginning of this production process, and that conversion costs are added uniformly throughout the process. Work in process inventory, September 1 (2,000 units, 100% complete with respect to direct materials, 80% complete with respect to direct labor and overhead; consists of $45,000 of direct materials cost and $56,320 conversion cost). . Costs incurred in September Direct materials. Conversion.. Work in process inventory, September 30 (7,000 units, 100% complete with respect to direct materials, 40% complete with respect to conversion) Units started in September Units completed and transferred to finished goods inventory. $101,320 $375,000 $341,000 28,000 23,000 Compute each of the following. 1. The number of equivalent units for materials for the month. 2. The number of equivalent units for conversion for the month. 3. The variable cost per equivalent unit of materials for the month.
Information for the Hi-Test company's production process for September follows. Assume that all materials are added at the beginning of this production process, and that conversion costs are added uniformly throughout the process. Work in process inventory, September 1 (2,000 units, 100% complete with respect to direct materials, 80% complete with respect to direct labor and overhead; consists of $45,000 of direct materials cost and $56,320 conversion cost). . Costs incurred in September Direct materials. Conversion.. Work in process inventory, September 30 (7,000 units, 100% complete with respect to direct materials, 40% complete with respect to conversion) Units started in September Units completed and transferred to finished goods inventory. $101,320 $375,000 $341,000 28,000 23,000 Compute each of the following. 1. The number of equivalent units for materials for the month. 2. The number of equivalent units for conversion for the month. 3. The variable cost per equivalent unit of materials for the month.
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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