Question
At the beginning of the month, the Painting Department of Skye Manufacturing had 39,000 units in inventory, 75% complete as to materials, and 20% complete
At the beginning of the month, the Painting Department of Skye Manufacturing had 39,000 units in inventory, 75% complete as to materials, and 20% complete as to conversion. The cost of the beginning inventory, $47,650, consisted of $41,400 of material costs and $6,250 of conversion costs. During the month the department started 134,000 units and transferred 148,500 units to the next manufacturing department. Costs added in the current month consisted of $323,160 of materials costs and $619,620 of conversion costs. At the end of the month, the department had 24,500 units in inventory, 40% complete as to materials and 15% complete as to conversion. If Skye Manufacturing uses the weighted average method of process costing, compute the costs per equivalent unit of materials and conversion respectively for the Painting Department.
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