The blending department had the following data for the month of March: Units in BWIP — Units completed 21,600 Units in EWIP (20% complete) 2,250 Total manufacturing costs $99,225 Required: 1. What is the output in equivalent units for March? equivalent units 2. What is the unit manufacturing cost for March? Note: Round your answer to the nearest cent. $per unit 3. Compute the cost of goods transferred out for March. $
The blending department had the following data for the month of March: Units in BWIP — Units completed 21,600 Units in EWIP (20% complete) 2,250 Total manufacturing costs $99,225 Required: 1. What is the output in equivalent units for March? equivalent units 2. What is the unit manufacturing cost for March? Note: Round your answer to the nearest cent. $per unit 3. Compute the cost of goods transferred out for March. $
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 8BE
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Question
Equivalent Units, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process
The blending department had the following data for the month of March:
Units in BWIP | — |
Units completed | 21,600 |
Units in EWIP (20% complete) | 2,250 |
Total |
$99,225 |
Required:
1. What is the output in equivalent units for March?
equivalent units
2. What is the unit manufacturing cost for March? Note: Round your answer to the nearest cent.
$per unit
3. Compute the cost of goods transferred out for March.
$
4. Calculate the value of March's EWIP.
$
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