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 | 48,000 | |
| Units completed and transferred in August | 57,000 | |
| Work in process (70% complete), August 31 | ? | |
| Costs charged to Work in Process in August | ||
| Direct materials | $ | 157,000 |
| Conversion costs: | ||
| Direct labor | $ | 122,000 |
| Overhead applied | 139,000 | |
| Total conversion | $ | 261,000 |
| Assume materials are added at the start of processing. |
| Instructions a. Calculate the equivalent units for the Forming Department for the month of August. Equivalent units Direct Materials Conversion |
|
|
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
Message Brand And Dollars Auditing Marketing Operations
Authors: J. Mike Jacka, Peter R. Scott
1st Edition
163454000X, 9781634540001
