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1. compute the equivalent units for direct materials and conversion costs during february. 2. compute the direct materials cost and conversion costs per equivalent unit
1. compute the equivalent units for direct materials and conversion costs during february.
Zillow chair company manufacturers a standard recliner. There were 15,000 chairs in the firm's Assembly Department on February 1st. During February, the firm's Assembly Department started production of 73,000 chairs. During the month, the firm completed 78,000 chairs, and transferred them to the Finishing Department. The firm ended the month with 10,000 chairs in ending inventory. All direct materials costs are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. Beginning work in process was 30% complete as to conversion costs, while ending work in process was 80% complete as to conversion costs. The FIFO method of process costing is used by Zillow. Cost data was as follows: Beginning inventory Direct materials Conversion costs $24,000 $35,000 Manufacturing costs added during the accounting period, Direct materials $167.900 Conversion costs $277.915 2. compute the direct materials cost and conversion costs per equivalent unit during february.
3. what is the amount of direct materials cost and conversion cost assigned to endong work in process onventory at the end of february.
4.compute the number of units that were started and completed during february.
5. comoute the cost of the units manufactured md teansfered out in february.
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