Breckenridge Corporation manufactures a part in a single production process in Department B. The company reports the following information about conversion costs for June: Required: a-1. Compute the equivalent units for conversion costs. a-2. Compute the cost per equivalent unit for conversion costs. WIP at June 1 (76% complete) Units started and costs incurred during June Units completed and transferred to finished goods during June Work-in-process ending inventory was 56 percent complete with respect to conversion costs. Breckenridge uses FIFO for product costing. Complete this question by entering your answers in the tabs below. Req A1 a-3. What was the conversion cost of work-in-process inventory in Department B on June 30? b. What were the conversion costs per equivalent unit produced last period and this period, respectively? Req A2 Req A3 Units 60,000 320,000 270,000 Req B Conversion Costs Compute the equivalent units for conversion costs. Equivalent units $ 143,600 950,675 ?
Breckenridge Corporation manufactures a part in a single production process in Department B. The company reports the following information about conversion costs for June: Required: a-1. Compute the equivalent units for conversion costs. a-2. Compute the cost per equivalent unit for conversion costs. WIP at June 1 (76% complete) Units started and costs incurred during June Units completed and transferred to finished goods during June Work-in-process ending inventory was 56 percent complete with respect to conversion costs. Breckenridge uses FIFO for product costing. Complete this question by entering your answers in the tabs below. Req A1 a-3. What was the conversion cost of work-in-process inventory in Department B on June 30? b. What were the conversion costs per equivalent unit produced last period and this period, respectively? Req A2 Req A3 Units 60,000 320,000 270,000 Req B Conversion Costs Compute the equivalent units for conversion costs. Equivalent units $ 143,600 950,675 ?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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