Refer to the following information about the Finishing Department in the Davidson Factory for the month of June. Davidson Factory uses the weighted-average method of inventory costing. Beginning Work in Process inventory: Physical units... % complete for materials...... % complete for labor and overhead.. Materials cost from May........ Labor and overhead cost from May.. Product started and completed: Physical units...... Ending Work in Process inventory: Physical units.... % complete for materials...... % complete for labor and overhead... Manufacturing costs for June: Materials......... Labor and overhead... 5,000 units 70% 25% $7,350 $3,125 40,000 units 4,000 units 40% 10% $96,975 $79,470 Compute the equivalent cost per unit for direct materials, direct labor and overhead for June.

Refer to the following information about the Finishing Department in the Davidson Factory for the month of June. Davidson Factory uses the weighted-average method of inventory costing. Beginning Work in Process inventory: Physical units... % complete for materials...... % complete for labor and overhead.. Materials cost from May........ Labor and overhead cost from May.. Product started and completed: Physical units...... Ending Work in Process inventory: Physical units.... % complete for materials...... % complete for labor and overhead... Manufacturing costs for June: Materials......... Labor and overhead... 5,000 units 70% 25% $7,350 $3,125 40,000 units 4,000 units 40% 10% $96,975 $79,470 Compute the equivalent cost per unit for direct materials, direct labor and overhead for June.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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