Question
ameson's Manufacturing Inc.'s debits to Work in Process-Assembly Department for July, together with data concerning production, are as follows: July 1, work in process: Materials
ameson's Manufacturing Inc.'s debits to Work in Process-Assembly Department for July, together with data concerning production, are as follows:
July 1, work in process: |
|
Materials cost, 3,000 units | $ 8,000 |
Conversion costs, 3,000 units, 66.7% completed | 6,000 |
Materials added during July, 10,000 units | 30,000 |
Conversion costs during July | 31,000 |
Goods finished during July, 11,500 units | 0 |
July 31 work in process, 1,500 units, 50% completed | 0 |
All direct materials are placed in process at the beginning of the process and the first-in, first-out method is used to cost inventories. The materials cost per equivalent unit for July is
(Each answer should have possibilities for answers entered with or without dollar signs and commas. Thus the correct answer for a problem could be $100,000 100,000 100000 $10000)
In order to earn credit for your answers to the problems, you are required to show all supporting work.
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