Direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (50% for conversion) 28,400 units Units started 124,000 units Units completed and transferred out 107,000 units WIP ending (50% for conversion) 45,400 units Beginning WIP direct materials $53,200 Beginning WIP conversion costs $19,600 Costs of materials added $442,100 Costs of conversion added $304,650 (a) Compute the total equivalent units for direct materials. (b) Compute the total equivalent units for conversion costs.
Direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (50% for conversion) 28,400 units Units started 124,000 units Units completed and transferred out 107,000 units WIP ending (50% for conversion) 45,400 units Beginning WIP direct materials $53,200 Beginning WIP conversion costs $19,600 Costs of materials added $442,100 Costs of conversion added $304,650 (a) Compute the total equivalent units for direct materials. (b) Compute the total equivalent units for conversion costs.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include:
|
WIP beginning (50% for conversion) |
28,400 units |
|
Units started |
124,000 units |
|
Units completed and transferred out |
107,000 units |
|
WIP ending (50% for conversion) |
45,400 units |
|
Beginning WIP direct materials |
$53,200 |
|
Beginning WIP conversion costs |
$19,600 |
|
Costs of materials added |
$442,100 |
|
Costs of conversion added |
$304,650 |
(a) Compute the total equivalent units for direct materials.
(b) Compute the total equivalent units for conversion costs.
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