Sammy's Soldier, manufactures paints. Its costing system utilizes two cost categories, direct materials and conversion costs. Each product must pass through Department A and Department B. Direct materials are added at the beginning of production. Conversion costs are allocated evenly throughout production. Data for Department A for February 2017 are: Work in process, beginning inventory, 30% converted.. 200 units Units started during February 1000 units Work in process, ending inventory 240 units Costs for Department A for February 2017 are: Work in process, beginning inventory: Direct materials $150,000 Conversion costs $208,000 Direct materials costs added during February $606,000 Conversion costs added during February $431,000 Required: What is the unit cost per equivalent unit of beginning inventory in Department A? (Round the final answer to the nearest whole dollar.) a. $2717 b. $750 c. $4217 d. $3735
Sammy's Soldier, manufactures paints. Its costing system utilizes two cost categories, direct materials and conversion costs. Each product must pass through Department A and Department B. Direct materials are added at the beginning of production. Conversion costs are allocated evenly throughout production. Data for Department A for February 2017 are:
Work in process, beginning inventory, 30% converted.. 200 units
Units started during February 1000 units
Work in process, ending inventory 240 units
Costs for Department A for February 2017 are:
Work in process, beginning inventory:
Direct materials $150,000
Conversion costs $208,000
Direct materials costs added during February $606,000
Conversion costs added during February $431,000
Required: What is the unit cost per equivalent unit of beginning inventory in Department A? (Round the final answer to the nearest whole dollar.)
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