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4) The New Company utilizes process cost accounting. Direct materials are added at the beginning of the production process and labor and overhead are added
| 4) The New Company utilizes process cost accounting. Direct materials are added at the beginning of the production process | ||||
| and labor and overhead are added evenly throughout the production process. Below is the information relating to June 2019. | ||||
| Unit Information: | ||||
| Work In Process June 1 | 18,000 | |||
| Units started during June | ?????? | |||
| Units completed and move to FG | (62,000) | |||
| Ending Inventory (100% complete material, 60% complete labor &O/H) | 32,000 | |||
| Cost Information: | ||||
| Direct Material | Direct Labor | Overhead | ||
| Beginning Costs | $ 23,000 | $ 15,000 | $ 18,000 | |
| Costs Incurred during June | $ 120,000 | $ 400,000 | $ 180,000 | |
| 1) Compute the units started during June | ||||
| 2) Compute the units completed during June including EUP (Equivalent Units of Production) | ||||
| 3) Compute the cost per unit of material, labor and overhead |
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