Question
Data for Balartistry Company are as follows: Units Percent Completed Direct Materials Costs Conversion Costs Beginning work in process 10,000 90% $10,000 $30,000 Units started
Data for Balartistry Company are as follows:
|
| Units | Percent Completed | Direct Materials Costs | Conversion Costs |
| Beginning work in process | 10,000 | 90% | $10,000 | $30,000 |
| Units started and completed during the period | 50,000 |
|
|
|
| Costs added this period |
|
| $110,000 | $200,000 |
| Ending work in process | 20,000 | 30% |
|
|
| Units completed and transferred during the period | 60,000 |
|
|
|
Materials are added at the beginning of the production process. Conversion costs are added uniformly throughout the production process.
Assuming a FIFO flow of costs, what is Balartistry Companys computed total production cost per equivalent unit for work done during the period?
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Auditing A Practical Approach with Data Analytics
Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton
1st edition
1119401747, 978-1119401742
