Sunland Company has several processing departments. Costs to be accounted for in the Assembly Department for November 2022 totaled $2,288,076 as follows. Work in process, November 1 Materials $79,000 Conversion costs 48,200 $127,200 Direct materials added during November 1,594,520 225,800 Direct labor incurred during November Manufacturing overhead assigned during November 340,556 $2,288,076 Production records show that 34,600 units were in beginning work in process 30% complete as to conversion costs, 662,700 units were started into production, and 24,100 units were in ending work in process 40% complete as to conversion costs. Materials are added at the beginning of each process, and conversion costs are incurred uniformly throughout the process. (a) Determine the equivalent units of production and the unit production costs for the Assembly Department. (Round unit costs to 2 decimal places, e.g. 2.25.) Equivalent Units Cost per unit $ Save for Later Materials $ Conversion Costs Attempts: 0 of 1 used Submit Answer

Sunland Company has several processing departments. Costs to be accounted for in the Assembly Department for November 2022 totaled $2,288,076 as follows. Work in process, November 1 Materials $79,000 Conversion costs 48,200 $127,200 Direct materials added during November 1,594,520 225,800 Direct labor incurred during November Manufacturing overhead assigned during November 340,556 $2,288,076 Production records show that 34,600 units were in beginning work in process 30% complete as to conversion costs, 662,700 units were started into production, and 24,100 units were in ending work in process 40% complete as to conversion costs. Materials are added at the beginning of each process, and conversion costs are incurred uniformly throughout the process. (a) Determine the equivalent units of production and the unit production costs for the Assembly Department. (Round unit costs to 2 decimal places, e.g. 2.25.) Equivalent Units Cost per unit $ Save for Later Materials $ Conversion Costs Attempts: 0 of 1 used Submit Answer

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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