Question

In March, Lasso Manufacturing had the following unit production costs: materials $10 and conversion costs $8....

In March, Lasso Manufacturing had the following unit production costs: materials $10 and conversion costs $8. On March 1, it had zero work in process. During March, Lasso transferred out 20,300 units. As at March 31, 2,050 units that were 40% complete as to conversion costs and 100% complete as to materials were in ending work in process.

Calculate the cost per equivalent unit for Conversion

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Answer #1

Solution:-


Working Note 1:- Statement Of Equivalent Production

Working Note 2:- Calculation Of Cost Added Per month

Total Cost = (22350 * 10) + (21120 * 8)

= $392460

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