Production data for the month of September was: 13,400 units Completed and Transferred out 4,800 partially complete units in Ending Inventory, which were 70% complete as to conversion and 100% complete as to material. Cost data for September WIP account: Beginning WIP cost o Material $14,000 o Conversion $16,500 Material added in Sep $42,600 Labor added in Sep $55,800 Overhead added in Sep $49,700 Answer the following questions based on the data above: Compute the Equivalent Units of Production for Material Compute the Equivalent Units of Production for Conversion Compute Material Cost per unit (round to 2 decimals)
Production data for the month of September was: 13,400 units Completed and Transferred out 4,800 partially complete units in Ending Inventory, which were 70% complete as to conversion and 100% complete as to material. Cost data for September WIP account: Beginning WIP cost o Material $14,000 o Conversion $16,500 Material added in Sep $42,600 Labor added in Sep $55,800 Overhead added in Sep $49,700 Answer the following questions based on the data above: Compute the Equivalent Units of Production for Material Compute the Equivalent Units of Production for Conversion Compute Material Cost per unit (round to 2 decimals)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Production data for the month of September was:
- 13,400 units Completed and Transferred out
- 4,800 partially complete units in Ending Inventory, which were 70% complete as to conversion and 100% complete as to material.
Cost data for September WIP account:
- Beginning WIP cost
o Material $14,000
o Conversion $16,500
- Material added in Sep $42,600
- Labor added in Sep $55,800
- Overhead added in Sep $49,700
Answer the following questions based on the data above:
- Compute the Equivalent Units of Production for Material
- Compute the Equivalent Units of Production for
Conversion - Compute Material Cost per unit (round to 2 decimals)
- Compute Conversion Cost per unit (round to 2 decimals)
- Compute the total cost of completed and transferred units for September
- Compute the September Ending Inventory for Material cost
- Compute the September Ending Inventory for Conversion cost
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