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The Blending Department of Luongo Company has the following cost and production data for the month of April. Costs: Work in process, April 1 Direct materials: 100% complete Conversion costs: 20% complete Cost of work in process, April 1 Costs incurred during production in April Direct materials Conversion costs Costs incurred in April $124,000 86,800 $210,800 $992,000 452,600 $1,444,600 Units transferred out totaled 21,080. Ending work in process was 1,240 units that are 100% complete as to materials and 40% complete as to conversion costs.

The Blending Department of Luongo Company has the following cost and production data for the month of April. Costs: Work in process, April 1 Direct materials: 100% complete Conversion costs: 20% complete Cost of work in process, April 1 Costs incurred during production in April Direct materials Conversion costs Costs incurred in April $124,000 86,800 $210,800 $992,000 452,600 $1,444,600 Units transferred out totaled 21,080. Ending work in process was 1,240 units that are 100% complete as to materials and 40% complete as to conversion costs.

FINANCIAL ACCOUNTING
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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The Blending Department of Luongo Company has the following cost and production data for the month of April. Costs: Work in process, April 1 Direct materials: 100% complete Conversion costs: 20% complete Cost of work in process, April 1 Costs incurred during production in April Direct materials Conversion costs Costs incurred in April $124,000 86,800 $210,800 $992,000 452,600 $1,444,600 Units transferred out totaled 21,080. Ending work in process was 1,240 units that are 100% complete as to materials and 40% complete as to conversion costs.
Transcribed Image Text:The Blending Department of Luongo Company has the following cost and production data for the month of April. Costs: Work in process, April 1 Direct materials: 100% complete Conversion costs: 20% complete Cost of work in process, April 1 Costs incurred during production in April Direct materials Conversion costs Costs incurred in April $124,000 86,800 $210,800 $992,000 452,600 $1,444,600 Units transferred out totaled 21,080. Ending work in process was 1,240 units that are 100% complete as to materials and 40% complete as to conversion costs.
Compute the equivalent units of production for (1) materials and (2) conversion costs for the month of April. The equivalent units of production eTextbook and Media Compute the unit costs for the month. Unit costs Materials eTextbook and Media Transferred out Ending work in process Materials. Determine the costs to be assigned to the units transferred out and in ending work in process. and Media Conversion Costs Conversion Costs
Transcribed Image Text:Compute the equivalent units of production for (1) materials and (2) conversion costs for the month of April. The equivalent units of production eTextbook and Media Compute the unit costs for the month. Unit costs Materials eTextbook and Media Transferred out Ending work in process Materials. Determine the costs to be assigned to the units transferred out and in ending work in process. and Media Conversion Costs Conversion Costs
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