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Butterflyght, Inc is a large producer of various products. There are currently using process costing for its product costing of product YLT789. The following information
Butterflyght, Inc is a large producer of various products. There are currently using process costing for its product costing of product YLT789. The following information pertains to operations for the month of April | ||||
Percentage Complete | ||||
Units | Direct Materials | Conversion | ||
Beginning Work in Process Inventory, April 1 | 19,800 | 60% | 20% | |
Started in production during April | 96,700 | |||
Ending Work in Process Inventory | 16,500 | 80% | 50% | |
Beginning Work in Process Inventory Costs: | ||||
Material | $67,145 | |||
Conversion | $44,773 | |||
Current Period Costs: | ||||
Material | $793,175 | |||
Conversion | $1,367,890 | |||
1. How many units were completed and transferred to finished goods? |
2. What are the total equivalent units for each cost component? | ||||
3. What is the cost per equivalent unit for each cost component? | ||||
4. What is the cost transferred to Finished Goods Inventory? | ||||
5. What is the cost of ending WIP inventory? | ||||
6. If there was no beginning finished goods inventory for April and 91,500 units were sold in April how much is COGS? |
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