Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Baird Company had 200 units of product in work in process inventory at the beginning of the period. It started 1,500 units during the period
Baird Company had 200 units of product in work in process inventory at the beginning of the period. It started 1,500 units during the period and transferred 1,400 units to finished goods inventory. The ending work in process inventory was estimated to be 50 percent complete. Cost data for the period follow:
Product Costs | |||
Beginning balance | $ | 35,000 | |
Added during period | 58,000 | ||
Total | $ | 93,000 | |
Required
-
Calculate the number of equivalent units of production.
-
Calculate the product cost per equivalent unit.
-
Calculate the total cost allocated between ending work in process inventory and finished goods inventory.
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