The Ammad Company manufactures a product in a single process. The following information is available: Work-in-process, January 1 Units started in production Units completed and transferred out Work-in-process, December 31 Production costs: -0- 14,000 9,000 5,000 Direct Materials $385,000 Direct Labour 139,750 Manufacturing Overhead 86,000 $610,750 Total cost to account for The units still in process are.100% complete with respect to direct materials and 35% complete with respect to conversion costs. The cost per equivalent unit for direct materials is? a. $42.80 b. $27.50 Oc. $77.00 O d. $35.80
The Ammad Company manufactures a product in a single process. The following information is available: Work-in-process, January 1 Units started in production Units completed and transferred out Work-in-process, December 31 Production costs: -0- 14,000 9,000 5,000 Direct Materials $385,000 Direct Labour 139,750 Manufacturing Overhead 86,000 $610,750 Total cost to account for The units still in process are.100% complete with respect to direct materials and 35% complete with respect to conversion costs. The cost per equivalent unit for direct materials is? a. $42.80 b. $27.50 Oc. $77.00 O d. $35.80
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:The Ammad Company manufactures a product in a single process. The following information is available:
Work-in-process, January 1
Units started in production
Units completed and transferred out
Work-in-process, December 31
Production costs:
Direct Materials
-0-
14,000
9,000
5,000
$385,000
Direct Labour
139,750
Manufacturing Overhead
86,000
$610,750
Total cost to account for
The units still in process are.100% complete with respect to direct materials and 35% complete with respect to
conversion costs.
The cost per equivalent unit for direct materials is?
O a
a. $42.80
b. $27.50
OC. $77.00
Od $35.80
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The Ammad Company manufactures a product in a single process. The following information is available:
The units still in process are 100% complete with respect to direct materials and 35% complete with respect to conversion costs.
The total cost of the units completed and transferred to Finished Goods is:
a.
$436,500
b.
$473,400
c.
$511,200
d.
$392,625
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