Calculate the equivalent units of ABC Company for the month of June. (100% materials, 40% conversion cost) Beginning Work-in Process (June 1st) $20,000 Units Transferred out $80,000 Ending Work-in Process Inventory $20,000 Total material cost incurred during the period: $12,000 Total conversion cost incurred during the period: $20,000 Calculate: 1. The equivalent units that are in the Work In Process account. 2. What their per unit material cost is. 3. What the per unit conversion cost is.
Calculate the equivalent units of ABC Company for the month of June. (100% materials, 40% conversion cost) Beginning Work-in Process (June 1st) $20,000 Units Transferred out $80,000 Ending Work-in Process Inventory $20,000 Total material cost incurred during the period: $12,000 Total conversion cost incurred during the period: $20,000 Calculate: 1. The equivalent units that are in the Work In Process account. 2. What their per unit material cost is. 3. What the per unit conversion cost is.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Calculate the equivalent units of ABC Company for the month of June.
(100% materials, 40% conversion cost)
Beginning Work-in Process (June 1st) $20,000
Units Transferred out $80,000
Ending Work-in Process Inventory $20,000
Total material cost incurred during the period: $12,000
Total conversion cost incurred during the period: $20,000
Calculate:
1. The equivalent units that are in the Work In Process account.
2. What their per unit material cost is.
3. What the per unit conversion cost is.
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