Determine the following for the Pressing Department. Round "cost per equivalent unit" answers to the nearest cent.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Wyoming Products Inc. completed and transferred 124,200 particle board units of production from the Pressing Department. There was no beginning inventory in process in the department. The ending in-process inventory was 14,000 units, which were 2/5 complete as to conversion cost. All materials are added at the beginning of the process. Direct materials cost incurred was $815,380, direct labor cost incurred was $104,130, and factory overhead applied was $51,630.

Determine the following for the Pressing Department. Round "cost per equivalent unit" answers to the nearest cent.

a.  Total conversion cost $fill in the blank 1
b.  Conversion cost per equivalent unit $fill in the blank 2
c.  Direct materials cost per equivalent unit $fill in the blank 3
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