Question

# Materials are added at the beginning of the production process at Campo Company. The following information...

Materials are added at the beginning of the production process at Campo Company. The following information on the physical flow of units is available for the month of November:

 Beginning work in process (48% complete) 45,000 Started in November 600,000 Completed in November and transferred out 560,000 Ending work in process (60% complete) 85,000

Cost data for November show the following:

 Beginning WIP inventory Direct materials costs \$ 27,300 Conversion costs 52,700 Current period costs Direct materials costs \$ 310,950 Conversion costs 1,269,550

Required:

a. Compute the cost equivalent units for the conversion cost calculation assuming Campo uses the weighted-average method.

b. Compute the cost per equivalent unit for materials and conversion costs for November. (Round your answers to 2 decimal places.)

a. Compute the cost equivalent units for the conversion cost calculation assuming Campo uses the weighted-average method.

Equivalent unit for material = 560000+85000 = 645000

Equivalent unit for conversion = 560000+(85000*60%) = 611000

b. Compute the cost per equivalent unit for materials and conversion costs for November. (Round your answers to 2 decimal places.)

Cost per equivalent unit of material = (27300+310950)/645000 = 0.52

Cost per equivalent unit of conversion = (52700+1269550)/611000 = 2.16

#### Earn Coins

Coins can be redeemed for fabulous gifts.

##### Need Online Homework Help?

Most questions answered within 1 hours.

##### Active Questions
• 1) Give an example from the United States of one centrifugal force and one centripetal force
• The assessment of the quality of individual studies selected is one of the essential steps that...
• Refer to Problem 6.42 which deals with lung capacity of rats exposed to ozone. Note: For...
• RECRYSTALLIZATION Pre Lab Questions 1. Complete the following table: Compound Structure Solubility in Hot Water Solubility...
• The following sample of six measurements was randomly selected from a normally distributed population: 2,5,−2,7,2,4. (a.)Test...
• Megalopolis Bank has the following balance sheet and income statement. Balance Sheet (in millions) Assets Liabilities...