Question
A department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. $20,000 materials costs and $10,000 conversion costs
A department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. $20,000 materials costs and $10,000 conversion costs were already incurred to 5,000 units of July beginning work in process inventory that were 20% complete. For the month of July, 40,000 units were completed and transferred out; and there were 20,000 units in the ending work in process that were 40% complete. During July, $100,000 materials costs and $95,000 conversion costs were charged to the department. The unit production costs for materials and conversion costs for July under the weighted average method was
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