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BestToys Company manufactures a variety of battery-operated toys. Information on its popular product 3D is provided to you. Materials are added at the beginning of
- BestToys Company manufactures a variety of battery-operated toys. Information on its popular product 3D is provided to you. Materials are added at the beginning of the production process, and conversion costs are incurred uniformly. Production and cost data for the month of October 2022 are as follows:
Production Data- 3D Popular Toy Units Percentage Complete Work in process units, October 1 500 80% Units started in production 1000 Work in process units, October 31 400 40% Cost Data- 3D Popular Toy Work in process, October 1 Materials $700 Conversion costs 600 $1,300 Direct materials 2,500 Direct labor 1,680 Manufacturing overhead 1,340
| Production Data- 3D Popular Toy | Units | Percentage Complete |
| Work in process units, October 1 | 500 | 80% |
| Units started in production | 1000 | |
| Work in process units, October 31 | 400 | 40% |
| Cost Data- 3D Popular Toy | ||
| Work in process, October 1 | ||
| Materials $700 | ||
| Conversion costs 600 | $1,300 | |
| Direct materials | 2,500 | |
| Direct labor | 1,680 | |
| Manufacturing overhead | 1,340 |
Required:
Calculate the equivalent units of production for materials and conversion costs using the weighted average method. (3 marks)
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Calculus
Authors: James Stewart
6th Edition
0495011606, 978-0495011606
