Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Baden Company has gathered the following information. Units in beginning work in process 0 Units started into production 38,500 Units in ending work in process
Baden Company has gathered the following information.
Units in beginning work in process | 0 | ||
Units started into production | 38,500 | ||
Units in ending work in process | 7,700 | ||
Percent complete in ending work in process: | |||
Conversion costs | 40 | % | |
Materials | 100 | % | |
Costs incurred: | |||
Direct materials | $80,850 | ||
Direct labor | $70,400 | ||
Overhead | $105,776 |
1. Compute equivalent units of production for materials and for conversion costs.
Materials | Conversion Costs | |||
The equivalent units of production |
|
|
2. Determine the unit costs of production. (Round unit costs to 2 decimal places, e.g. 2.25.)
Materials | Conversion Costs | |||
Unit costs | $ | $ |
3. Show the assignment of costs to units transferred out and in process.
Units transferred out | $ | |
Units in ending work in process | $ |
Please show step by step/explanations. Thanks
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started