Production costs chargeable to the Finishing Department in June in Hollins Company are materials $14,100, labor $35,300, and overhead $19,700. Equivalent units of production are materials 21,900 and conversion costs 20,700. Compute the unit costs for materials and conversion costs. (Round answers to 2 decimal places, e.g. 2.25.) Materials cost per unit Conversion cost per unit

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Production costs chargeable to the Finishing Department in June in Hollins Company are materials $14,100, labor $35,300, and overhead $19,700. Equivalent units of production are
materials 21,900 and conversion costs 20,700.
Compute the unit costs for materials and conversion costs. (Round answers to 2 decimal places, e.g. 2.25.)
Materials cost per unit
Conversion cost per unit
Transcribed Image Text:Production costs chargeable to the Finishing Department in June in Hollins Company are materials $14,100, labor $35,300, and overhead $19,700. Equivalent units of production are materials 21,900 and conversion costs 20,700. Compute the unit costs for materials and conversion costs. (Round answers to 2 decimal places, e.g. 2.25.) Materials cost per unit Conversion cost per unit
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