Question
Consider the following information Kilogram 80,000 WIP, May 1 Started into production during May WIP, May 31 Cost added during May 400,000 30,000 Percent
Consider the following information Kilogram 80,000 WIP, May 1 Started into production during May WIP, May 31 Cost added during May 400,000 30,000 Percent Completed Material Conversion 20% 80% 60% 30% Cost Material Conversion 150,000 170,000 3360,000 1023,400 From the information given above a) Compute the number of Kilograms completed and transferred out during May b) Compute the equivalent units c) Determine the cost per equivalent unit. d) Compute the costs of completed goods and ending WIP
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Financial Reporting and Analysis
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
6th edition
9780077632182, 78025672, 77632184, 978-0078025679
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