mpany began operation on for the month of June are presented: Costs charged to Molding: Direct Materials Labor Overhead ata Tor violding Depar $16,000 2,600 15,900 During June, 4,000 units were started into production. 3,500 units were completed and transferred out the remaining 500 units are 100% completed with respect to materials and 40% complete with respect to conversion costs. Compute unit conversion cost. (Round intermediate calculations to two (2) decimal places.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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A company began operations on June 1. The production data for the Molding Department
for the month of June are presented:
Costs charged to Molding:
Direct Materials
Labor
Overhead
$16,000
2,600
15,900
During June, 4,000 units were started into production. 3,500 units were completed and
transferred out the remaining 500 units are 100% completed with respect to materials and
40% complete with respect to conversion costs.
Compute unit conversion cost. (Round intermediate calculations to two (2) decimal places.)
Transcribed Image Text:A company began operations on June 1. The production data for the Molding Department for the month of June are presented: Costs charged to Molding: Direct Materials Labor Overhead $16,000 2,600 15,900 During June, 4,000 units were started into production. 3,500 units were completed and transferred out the remaining 500 units are 100% completed with respect to materials and 40% complete with respect to conversion costs. Compute unit conversion cost. (Round intermediate calculations to two (2) decimal places.)
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