In the month of June, department X had 10,000 units in beginning work in process that were 70% complete. During June, 40,000 units were completed and transferred into production from another department. At the end of June, there were 5,000 units in ending work in process that were 40% complete. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. The total cost for materials was $450,000 and conversion was $400,000. What was the unit materials costs in June? What was the unit conversion cost in June? What was the total manufacturing cost per unit?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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In the month of June, department X had
10,000 units in beginning work in process
that were 70% complete. During June,
40,000 units were completed and
transferred into production from another
department. At the end of June, there were
5,000 units in ending work in process that
were 40% complete. Materials are added
at the beginning of the process, while
conversion costs are incurred uniformly
throughout the process. The total cost for
materials was $450,000 and conversion
was $400,000.
What was the unit materials costs in
June?
What was the unit conversion cost in
June?
What was the total manufacturing cost
per unit?
Transcribed Image Text:In the month of June, department X had 10,000 units in beginning work in process that were 70% complete. During June, 40,000 units were completed and transferred into production from another department. At the end of June, there were 5,000 units in ending work in process that were 40% complete. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. The total cost for materials was $450,000 and conversion was $400,000. What was the unit materials costs in June? What was the unit conversion cost in June? What was the total manufacturing cost per unit?
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