Department F had 5,000 units in Work in Process that were 50% completed at the beginning of the period at a cost of $18,200. Of the $18,200, $10,500 was for material and $7,700 was for conversion costs. 16,000 units of direct materials were added during the period at a cost of $30,750. 18,000 units were completed during the period, and 3,000 units were 60% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was $42,125 and factory overhead was $24,680. If the average cost method is used, what would be the conversion cost per unit?

Department F had 5,000 units in Work in Process that were 50% completed at the beginning of the period at a cost of $18,200. Of the $18,200, $10,500 was for material and $7,700 was for conversion costs. 16,000 units of direct materials were added during the period at a cost of $30,750. 18,000 units were completed during the period, and 3,000 units were 60% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was $42,125 and factory overhead was $24,680. If the average cost method is used, what would be the conversion cost per unit?

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 5E: The Converting Department of Worley Company had 2,400 units in work in process at the beginning of...

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Dinesh Bhai
Use this information about Department E to answer the question that follows. Department E had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $12,500. There were 14,000 units of direct materials added during the period at a cost of $28,700. There were 15,000 units completed during the period, and 3,000 units were 75% completed at the end of the period. All materials are added at the beginning of the process, and the average cost method is used to cost inventories. Direct labor was $32,450, and factory overhead was $18,710. The number of equivalent units of production for the period is a.17,250 b.15,650 c.18,000 d.14,850