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ABC Industries manufactures specialized plastic boxes in two processes: Assembly and Finishing. In the Finishing Department, materials are added at the end of the process.
ABC Industries manufactures specialized plastic boxes in two processes: Assembly and Finishing. In the Finishing Department, materials are added at the end of the process. The following data pertaining to the Finishing Department are given: Units Transferred-in Direct Material:s $0 Conversion Costs $12,750 Costs | 10,000| SII,650 Work in process, July 1 Transferred-in Work in process, July 31 Costs added during July 60,000 12,000 $69,900 $35,200 $81,600 The conversion process on the beginning inventory is 30% complete and the ending inventory is one third complete. Weighted average method is used. (1) Determine the equivalent units for transferred-in, direct materials and conversion costs. (2) Determine the unit cost for transferred-in, the unit cost for direct materials and the unit cost for conversion costs (3) Determine the cost of goods transferred out
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