The Polishing Department of Harbin Manufacturing Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process. Production: Beginning inventory of 1,600 units that are 100% complete as to materials and 30% complete as to conversion costs; units started during the period is 39,300; ending inventory of 7,000 units 10% complete as to conversion costs. Manufacturing costs: Beginning inventory costs, comprised of $21,260 of materials and $47,990 of conversion costs; materials costs added in Polishing during the month, $166,880; labor and overhead applied in Polishing during the month, $126,780 and $257,730, respectively. Compute the equivalent units of production for materials and conversion costs for the month of September.

The Polishing Department of Harbin Manufacturing Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process. Production: Beginning inventory of 1,600 units that are 100% complete as to materials and 30% complete as to conversion costs; units started during the period is 39,300; ending inventory of 7,000 units 10% complete as to conversion costs. Manufacturing costs: Beginning inventory costs, comprised of $21,260 of materials and $47,990 of conversion costs; materials costs added in Polishing during the month, $166,880; labor and overhead applied in Polishing during the month, $126,780 and $257,730, respectively. Compute the equivalent units of production for materials and conversion costs for the month of September.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 4PB: During March, the following costs were charged to the manufacturing department: $22,500 for...

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