Kipper Company processes a scouring powder through its Compounding Department and Packaging Department. In the Compounding Department, direct materials are added at the beginning of the process, and direct labor and manufacturing overhead are incurred evenly throughout the process. Kipper uses the FIFO method. Costs charged to the Compounding Department in October 2019 follow:

At October 31, 7,000 units were in process, 40% completed. 

Required 

Calculate the following for the Compounding Department:

a. Equivalent units during October.

b. Costs per equivalent unit.

c. Total cost of units transferred to the Packaging Department.

d. Inventory cost at October 31.

Transcribed Image Text:

Inventory, October 1 (5,000 units, 25% complete) Direct material (82,000 units). Direct labor... Manufacturing overhead.. $ 4,250 246,000 31,770 33,470 $315,490