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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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.
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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