T2-6 Sury Company reported the following information for the month of April: Units Work in Process Beginning inventory, April 1 8,000 Added to production 45,000 Completed and transferred out ? Ending inventory, April 30 5,000 Sury also reported the following cost information in April: Costs Materials Conversion Work in Process Beginning inventory, April 1 $11,000 $ 17,160 Added to production 66,380 104,000 Questions I have: How do I find a.What was the cost per equivalent unit for materials? b.What was the cost per equivalent unit for conversion? c.What cost would be assigned to the units transferred out of Work in Process Inventory? d.What cost would be assigned to the ending Work in Process Inventory?
T2-6 Sury Company reported the following information for the month of April: Units Work in Process Beginning inventory, April 1 8,000 Added to production 45,000 Completed and transferred out ? Ending inventory, April 30 5,000 Sury also reported the following cost information in April: Costs Materials Conversion Work in Process Beginning inventory, April 1 $11,000 $ 17,160 Added to production 66,380 104,000 Questions I have: How do I find a.What was the cost per equivalent unit for materials? b.What was the cost per equivalent unit for conversion? c.What cost would be assigned to the units transferred out of Work in Process Inventory? d.What cost would be assigned to the ending Work in Process Inventory?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
T2-6
Sury Company reported the following information for the month of April:
|
Units
|
|
| Work in Process | |
| Beginning inventory, April 1 |
8,000
|
| Added to production |
45,000
|
| Completed and transferred out |
?
|
| Ending inventory, April 30 |
5,000
|
Sury also reported the following cost information in April:
|
Costs
|
||
|
Materials
|
Conversion
|
|
| Work in Process | ||
| Beginning inventory, April 1 |
$11,000
|
$ 17,160
|
| Added to production |
66,380
|
104,000
|
Questions I have: How do I find
a.What was the cost per equivalent unit for materials?
b.What was the cost per equivalent unit for conversion?
c.What cost would be assigned to the units transferred out of Work in Process Inventory?
d.What cost would be assigned to the ending Work in Process Inventory?
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