Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Alpha Enterprise manufactures watches on a highly automated assembly line. Its costing system uses two cost categories, direct materials and conversion costs. Each product must

Alpha Enterprise manufactures watches on a highly automated assembly line. Its costing system uses two cost categories, direct materials and conversion costs. Each product must pass through the Assembly Division and the Testing Division. Direct materials are added at the beginning of the production process in both departments. Conversion costs are allocated evenly throughout the production processes. Alpha uses the weighted-average method of process costing. Data for the Assembly Division for April 2024 are: Beginning inventory: work-in-process (BWIP): 332 units Direct materials (100% complete) Conversion costs (40% complete) Units started during April 1091 units Ending inventory: work-in-process (EWIP): 245 units Direct materials (100% complete) Conversion costs (55% complete) Costs for the Assembly Division for April 2024 are: Beginning inventory: work-in-process (BWIP): Direct materials $90137 Conversion costs $102753 Direct materials costs added during April $589463 Conversion costs added during April $396712 Compute the direct materials cost per equivalent unit of the Assembly Division for April 2024. (Round the final answer to 2 decimal places.)

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

Step: 3

blur-text-image

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

Financial Accounting Theory And Analysis Text And Cases

Authors: Richard G Schroeder, Myrtle W Clark, Jack M Cathey

13th Edition

1119577772, 9781119577775

More Books

Students also viewed these Accounting questions

Question

Determine whether the following series converge. (-1)* k In? k k=2

Answered: 1 week ago

Question

How does an applicant apply?

Answered: 1 week ago