Georgia Products Inc. completed and transferred 155,000 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 13,000 units, which were 4/5 complete as to conversion cost. All materials are added at the beginning of the process. Direct materials cost incurred was $798,000, direct labor cost incurred was $174,170, and factory overhead applied was $40,850.
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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