Question
Suburbia Company manufactures a product through a continuous single-step process. All materials are added at the...
Suburbia Company manufactures a product through a continuous single-step process. All materials are
added at the beginning of processing. Production and cost data for the company for February 2016 are as
follows:
Production data:
In process, beginning of month (20% converted) 1,000 units
Started during February 5,000 units
Completed and transferred to finished goods 4,500 units
In process, end of month (60% converted) 1,500 units
Manufacturing costs:
Work in process, beginning $14,730
Materials $45,000
Conversion Costs added during period $154,440
Required:
Using the FIFO method:
Equivalent Units of Production for Direct materials
Equivalent Units of Production for Conversion Costs
Cost per Equivalent Unit – Direct Materials (Round to 4 decimal places)
Cost per Equivalent Unit – Conversion Costs (Round to 4 decimal places)
Total value of Ending Work in Process
Total value of units transferred out
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