Question

The Sanding Department of Kaiden Company has the following production and cost data for November.

Production
1.	Started and completed 8,400 units.
2.	Started 2,900 units that are 70% completed at November 30.

Costs
Beginning work in process		$-0-
Materials		51,980
Labor		114,730
Manufacturing Overhead		41,720

Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Kaiden Company uses the FIFO method to compute equivalent units.

Compute unit costs and show the assignment of manufacturing costs to units transferred out and in work in process. (Round answers to 2 decimal places, e.g. 15.25.)

Material costs		$
Conversion costs		$
Total unit costs		$

Costs accounted for:          

Transferred out   $

Work in process, November 30th :

Materials $           

Conversion costs $

Total costs:

Answer 1

WORKING NOTES -

1) 2900 units *30%= 2030 units

2) Costs = Total Cost/ Equivalent Units