unit costs per EUP computed under weighted average were as follows: Materials- P7 Conversion costs- P21 Transferred in- P35 Materials are introduced at the beg. of the process in the 2nd of three departments. There were 4,000 units (40% complete as to conversion costs) in process at the end of the month while 20,000 were transferred to the next department. How much is the total cost of completed units?

unit costs per EUP computed under weighted average were as follows: Materials- P7 Conversion costs- P21 Transferred in- P35 Materials are introduced at the beg. of the process in the 2nd of three departments. There were 4,000 units (40% complete as to conversion costs) in process at the end of the month while 20,000 were transferred to the next department. How much is the total cost of completed units?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 14EA: A production department within a company received materials of $10,000 and conversion costs of...

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A production department within a company received materials of $10,000 and conversion costs of $10,000 from the prior department. It added material of $27,200 and conversion costs of $53,000. The equivalent units are 20,000 for material and 18,000 for conversion. What is the unit cost for materials and conversion?
Ellerson Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 278,000, direct labor cost was 189,000, and overhead cost was 523,000. During the year, 100,000 units were completed. Required: 1. Calculate the total cost of direct materials used in production. 2. Calculate the cost of goods manufactured. Calculate the unit manufacturing cost. 3. Of the unit manufacturing cost calculated in Requirement 2, 2.70 is direct materials and 5.30 is overhead. What is the prime cost per unit? Conversion cost per unit?
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