Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company manufactures computers on a highly automated assembly line it's costing system uses two cost categories Direct materials and conversion costs each product must

A company manufactures computers on a highly automated assembly line it's costing system uses two cost categories Direct materials and conversion costs each product must pass through the assembly line and Test department Direct materials are added at the beginning of the production process conversion costs are allocated evenly throughout the production the company uses weighted average costing data for the assembly line for June work in process beginning inventory 370 units Direct materials 100% complete conversion costs 60% complete unit started during June 20xx 970 units work in process ending inventory 250 units Direct materials 100% complete conversion costs 80% complete cost for June 20 xx work in process beginning inventory Direct materials 90,000 conversion cost 170,000 Direct material costs added during June 602,500 conversion cost added during June 401,000 what are the equivalent units for direct materials conversion costs respectively for June?

1248, 1120

1340, 1290

1220, 1220

1340,1050

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik

11th edition

78025400, 978-0078025402

More Books

Students also viewed these Accounting questions