the debits to Work in Process-Assembly Department for April, together with data concerning April 1, work in process: Materials cost, 3,000 units Conversion costs, 3,000 units, 80% completed Materials added during April, 10,000 units Conversion costs during April Goods finished during April, 11,500 units April 30 work in process, 1,500 units, 60% completed $7,200 5,900 28,000 31,300 0 0 All direct materials are placed in process at the beginning of the process and the average cost method is used to cost inventories The conversion cost per equivalent unit (to the nearest cent) for April is a. $3.23 b. $3.00 Oc. $2.86 C. Od. $3.72

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The debits to Work in Process-Assembly Department for April, together with data concerning production, are as follows:
April 1, work in process:
Materials cost, 3,000 units
Conversion costs, 3,000 units, 80% completed
Materials added during April, 10,000 units
Conversion costs during April
Goods finished during April, 11,500 units
April 30 work in process, 1,500 units, 60 % completed
$7,200
5,900
28,000
31,300
0
0
All direct materials are placed in process at the beginning of the process and the average cost method is used to cost inventories.
The conversion cost per equivalent unit (to the nearest cent) for April is
Ca. $3.23
Ob. $3.00
Oc. $2.86
Od. $3.72
Transcribed Image Text:The debits to Work in Process-Assembly Department for April, together with data concerning production, are as follows: April 1, work in process: Materials cost, 3,000 units Conversion costs, 3,000 units, 80% completed Materials added during April, 10,000 units Conversion costs during April Goods finished during April, 11,500 units April 30 work in process, 1,500 units, 60 % completed $7,200 5,900 28,000 31,300 0 0 All direct materials are placed in process at the beginning of the process and the average cost method is used to cost inventories. The conversion cost per equivalent unit (to the nearest cent) for April is Ca. $3.23 Ob. $3.00 Oc. $2.86 Od. $3.72
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