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4) At H&K Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning
4) At H&K Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning units Units added Units completed and transferred out WIP ending units (40% for conversion) Beginning WIP direct materials cost Beginning WIP conversion cost Costs of materials added Costs of conversion added 13,000 units 12,000 units 18,000 units 7,000 units $50,000 $22,000 $250,000 $ 290,000 At H&K Corporation, a. What are the total equivalent units for direct materials? - b. What are the total equivalent units for conversion costs? - c. What is the cost per equivalent unit for direct materials? d. What is the cost per equivalent unit for conversion costs? e. What is the cost of each unit completed and transferred out? f. What is the average cost of each unit remaining in ending WIP? g. H&K corporation sets the selling price of each completed unit four times its manufacturing cost (the manufacturing cost is 25% of selling price). How much do they sell each completed unit
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