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20 Saved Help Save & Exit Subm Healthcheck Corp. manufactures an antacid product that passes through two departments. Data for June for the first department
20 Saved Help Save & Exit Subm Healthcheck Corp. manufactures an antacid product that passes through two departments. Data for June for the first department follow: Materials $ 76,200 Labour $ 43,000 Overhead $ 61,000 Work in process, June 1 Litres started in process Litres transferred out Work in process, June 30 Cost added during June Litres 93,000 742,000 785,000 50,000 $ 993,000 $ 593,000 $ 813,500 49 The beginning work in process inventory was 85% complete with respect to materials and 80% complete with respect to labour and overhead. The ending work in process inventory was 50% complete with respect to materials and 20% complete with respect to labour and overhead. Required: Assume that the company uses the weighted average method of accounting for units and costs. 1. Compute the equivalent units for June's activity for the first department. Materials Labour & Overhead Equivalent units of production 2. Determine the costs per equivalent unit for June. (Round your answers to 2 decimal places.) T Quizlet Saved Help Save & Exit Submit The beginning work in process inventory was 85% complete with respect to materials and 80% complete with respect to labour and overhead. The ending work in process inventory was 50% complete with respect to materials and 20% complete with respect to labour and overhead. Required: Assume that the company uses the weighted average method of accounting for units and costs. 1. Compute the equivalent units for June's activity for the first department. Materials Labour & Overhead Equivalent units of production 2. Determine the costs per equivalent unit for June. (Round your answers to 2 decimal places.) Materials Labour Overhead Cost per equivalent unit
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