Stan Company uses a process costing system for its manufacturing department. The following information is provided for March in the Assembly Department: Equivalent units of production - direct materials: 125,000 EUP Equivalent units of production - conversion: 105,000 EUP Costs in beginning Work in Process - direct materials: $55,000 Costs in beginning Work in Process - conversion: $38,000 Costs incurred in March - direct materials: $451,000 Using the average-cost method, what is the cost per equivalent unit for direct materials for March?

Stan Company uses a process costing system for its manufacturing department. The following information is provided for March in the Assembly Department: Equivalent units of production - direct materials: 125,000 EUP Equivalent units of production - conversion: 105,000 EUP Costs in beginning Work in Process - direct materials: $55,000 Costs in beginning Work in Process - conversion: $38,000 Costs incurred in March - direct materials: $451,000 Using the average-cost method, what is the cost per equivalent unit for direct materials for March?

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 5E: The Converting Department of Worley Company had 2,400 units in work in process at the beginning of...

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K-Briggs Company uses the FIFO method to account for the costs of production. For Crushing, the first processing department, the following equivalent units schedule has been prepared: The cost per equivalent unit for the period was as follows: The cost of beginning work in process was direct materials, 40,000; conversion costs, 30,000. Required: 1. Determine the cost of ending work in process and the cost of goods transferred out. 2. Prepare a physical flow schedule.
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