The blending department had the following data for the month of March: Units in BWIP — Units completed 21,600 Units in EWIP (30% complete) 2,250 Total manufacturing costs $82,418 Required: 1. What is the output in equivalent units for March? fill in the blank 1 equivalent units 2. What is the unit manufacturing cost for March? Note: Round your answer to the nearest cent. $fill in the blank 2per unit 3. Compute the cost of goods transferred out for March. $fill in the blank 3 4. Calculate the value of March's EWIP. $fill in the blank 4
The blending department had the following data for the month of March: Units in BWIP — Units completed 21,600 Units in EWIP (30% complete) 2,250 Total manufacturing costs $82,418 Required: 1. What is the output in equivalent units for March? fill in the blank 1 equivalent units 2. What is the unit manufacturing cost for March? Note: Round your answer to the nearest cent. $fill in the blank 2per unit 3. Compute the cost of goods transferred out for March. $fill in the blank 3 4. Calculate the value of March's EWIP. $fill in the blank 4
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
The blending department had the following data for the month of March:
| Units in BWIP | — |
| Units completed | 21,600 |
| Units in EWIP (30% complete) | 2,250 |
| Total |
$82,418 |
Required:
1. What is the output in equivalent units for March?
fill in the blank 1 equivalent units
2. What is the unit manufacturing cost for March? Note: Round your answer to the nearest cent.
$fill in the blank 2per unit
3. Compute the cost of goods transferred out for March.
$fill in the blank 3
4. Calculate the value of March's EWIP.
$fill in the blank 4
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education