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, 3000 units: $8000 Conversion costs, 3000 units 66.7% completed: $6000 Materials added during April, 10,000 units: $30,000 Conversion cost during April: $31,000 Goods finished during April, 11,500 units: --- April 30 work in process, 1,500 units, 50% complete: - All direct materials are placed in process at the beginning of the process and the first in, first out method is used to cost inventories. The materials cost per equivalent unit for April is: a. $3.00 b. $3.80 c. $2.92 d. $2.31
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, 3000 units: $8000 Conversion costs, 3000 units 66.7% completed: $6000 Materials added during April, 10,000 units: $30,000 Conversion cost during April: $31,000 Goods finished during April, 11,500 units: --- April 30 work in process, 1,500 units, 50% complete: - All direct materials are placed in process at the beginning of the process and the first in, first out method is used to cost inventories. The materials cost per equivalent unit for April is: a. $3.00 b. $3.80 c. $2.92 d. $2.31
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
please provide answer
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, 3000 units: $8000
Conversion costs, 3000 units 66.7% completed: $6000
Materials added during April, 10,000 units: $30,000
Conversion cost during April: $31,000
Goods finished during April, 11,500 units: ---
April 30 work in process, 1,500 units, 50% complete: -
All direct materials are placed in process at the beginning of the process and the first
in, first out method is used to cost inventories. The materials cost per equivalent unit
for April is:
a. $3.00
b. $3.80
c. $2.92
d. $2.31
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
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