The Polishing Department of Major Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process. Production: Beginning inventory of 1,580 units that are 100% complete as to materials and 30% complete as to conversion costs; units started during the period are 41,000; ending inventory of 6,900 units 10% complete as to conversion costs. Manufacturing costs: Beginning inventory costs, comprised of $20,100 of materials and $12,620 of conversion costs; materials costs added in Polishing during the month, $210,258; labor and overhead applied in Polishing during the month, $126,500 and $258,040, respectively. Compute the equivalent units of production for materials and conversion costs for the month of September.

The Polishing Department of Major Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process. Production: Beginning inventory of 1,580 units that are 100% complete as to materials and 30% complete as to conversion costs; units started during the period are 41,000; ending inventory of 6,900 units 10% complete as to conversion costs. Manufacturing costs: Beginning inventory costs, comprised of $20,100 of materials and $12,620 of conversion costs; materials costs added in Polishing during the month, $210,258; labor and overhead applied in Polishing during the month, $126,500 and $258,040, 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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