Question
Cavalier Company has several processing departments. Costs charged to the Assembly Department for November 2010 totaled $2,229,230 as follows. Work in process, November 1 Materials
Cavalier Company has several processing departments. Costs charged to the Assembly Department for November 2010 totaled $2,229,230 as follows.
Work in process, November 1 | |||
Materials | $68,550 | ||
Conversion costs | 48,380 | $ 116,930 | |
Materials added | 1,549,000 | ||
Labor | 225,500 | ||
Overhead | 337,800 |
Production records show that 35,240 units were in beginning work in process 30% complete as to conversion costs, 699,500 units were started into production, and 25,000 units were in ending work in process 40% complete as to conversion costs. Materials are entered at the beginning of each process. I am asked the following:
Determine the equivalent units of production and the unit production costs for the Assembly Department. (Round cost per unit to 3 decimal places, e.g. 2.150.)
Materials Costs | Conversion Costs | |
Equivalent units | ||
Cost per unit | $ | $ |
Can you please explain how to do this? Thanks so much.
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