Question
Cost per Equivalent Unit The following information concerns production in the Forging Department for November. All direct materials are placed into the process at the
Cost per Equivalent Unit
The following information concerns production in the Forging Department for November. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $32,550 of direct materials.
ACCOUNT Work in ProcessForging Department | ACCOUNT NO. | ||||||||
Date | Item | Debit | Credit | Balance | |||||
Debit | Credit | ||||||||
Nov. | 1 | Bal., 3,500 units, 30% completed | 35,805 | ||||||
30 | Direct materials, 32,000 units | 291,200 | 327,005 | ||||||
30 | Direct labor | 45,920 | 372,925 | ||||||
30 | Factory overhead | 63,424 | ? | 436,349 | |||||
30 | Goods finished, ? units | ? | |||||||
30 | Bal., 2,800 units, 90% completed | ? |
a. Determine the number of units transferred to the next department. units
b. Determine the costs per equivalent unit of direct materials and conversion. If required, round your answer to two decimal places.
Cost per equivalent unit of direct materials | $ |
Cost per equivalent unit of conversion | $ |
c. Determine the cost of units started and completed in November. $
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