There was no beginning nversion cost. All materia 10, and factory overhead

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Costs per Equivalent Unit
Georgia Products Inc. completed and transferred 226,000 particle board units of production from the Pressing Department. There was no beginning
inventory in process in the department. The ending in-process inventory was 20,000 units, which were 3/5 complete as to conversion cost. All materials
are added at the beginning of the process. Direct materials cost incurred was $701,100, direct labor cost incurred was $77,110, and factory overhead
applied was $18,090.
Determine the following for the Pressing Department., Round "cost per equivalent unit" answers to the nearest cent.
a. Total conversion cost
b. Conversion cost per equivalent unit
C. Direct materials cost per equivalent unit $
Transcribed Image Text:%24 eBook Show Me How Costs per Equivalent Unit Georgia Products Inc. completed and transferred 226,000 particle board units of production from the Pressing Department. There was no beginning inventory in process in the department. The ending in-process inventory was 20,000 units, which were 3/5 complete as to conversion cost. All materials are added at the beginning of the process. Direct materials cost incurred was $701,100, direct labor cost incurred was $77,110, and factory overhead applied was $18,090. Determine the following for the Pressing Department., Round "cost per equivalent unit" answers to the nearest cent. a. Total conversion cost b. Conversion cost per equivalent unit C. Direct materials cost per equivalent unit $
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