Cost per Equivalent Unit
The following information concerns production in the Forging Department for November. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $100,430 of direct materials.
ACCOUNT Work in Process—Forging DepartmentACCOUNT NO.
Nov.1Bal., 8,300 units, 70% completed 115,536
30Direct materials, 76,000 units896,800 1,012,336
30Direct labor88,260 1,100,596
30Factory overhead121,881 ? 1,222,477
30Goods finished, ? units ?
30Bal., 6,600 units, 90% completed ?
a. Determine the number of units transferred to the next
b. Determine the costs per equivalent unit of direct materials and conversion. If required, round your answer to two decimal places.
Cost per equivalent unit of direct materials$
Cost per equivalent unit of conversion$
c. Determine the cost of units started and completed in
a. the number of units transferred to the next department=8300+76000-6600
b. costs per equivalent unit :
|Whole units||Direct material||Conversion|
|Inventory in process,Nov 1(70% complete)||8300||0||2490(8300×30%)|
|Started and complete in Nov||
|Transfer to finished good in Nov||77,700||69,400||71,890|
Inventory in process, Nov 30
Cost per equivalent unit:
Total costs for Nov. In Forgoing Department
|Cost per equivalent unit||$11.8||$2.7|
c. cost of units started and completed in November:
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