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 $102,000 71,400 $173,400 $816,000 372,300 $1,188,300 Units transferred out totaled 17,340. Ending work in process was 1,020 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 $102,000 71,400 $173,400 $816,000 372,300 $1,188,300 Units transferred out totaled 17,340. Ending work in process was 1,020 units that are 100% complete as to materials and 40% complete as to conversion costs.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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
Your answer is incorrect.
Compute the unit costs for the month.
Unit costs $
Materials.
Transferred out
$
Materials
Ending work in process $
$
18360
Determine the costs to be assigned to the units transferred out and in ending work in process.
Conversion Costs
Conversion Costs
17748
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
$102,000
71,400
$173,400
$816,000
372,300
$1,188,300
Units transferred out totaled 17,340. Ending work in process was 1,020 units that are 100% complete as to materials and 40%
complete as to conversion costs.
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