Question
Badgersize Company has the following information for its Forming Department for the month of August. Work in Process Inventory, August 1: 20,000 units Direct materials:
Badgersize Company has the following information for its Forming Department for the month of August.
| Work in Process Inventory, August 1: 20,000 units | |||
| Direct materials: 100% complete | $ | 80,000 | |
| Conversion: 20% complete | 24,000 | ||
| Balance in work in process, August 1 | $ | 104,000 | |
| Units started during August | 52,000 | ||
| Units completed and transferred in August | 56,000 | ||
| Work in process (70% complete), August 31 | ? | ||
| Costs charged to Work in Process in August | |||
| Direct materials | $ | 132,000 | |
| Conversion costs: | |||
| Direct labor | $ | 120,000 | |
| Overhead applied | 148,000 | ||
| Total conversion | $ | 268,000 | |
Assume materials are added at the start of processing.
Required:
a. Calculate the equivalent units for the Forming Department for the month of August.
b. Find the cost per equivalent unit of input resource. (Round your answers to 2 decimal places.)
I am having issues on trying to locate the conversion process. Please help
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
IT Security Risk Control Management An Audit Preparation Plan
Authors: Raymond Pompon
1st Edition
1484221397, 978-1484221396
