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Determine the costs to be assigned to the units transferred out and in process???? The Polishing Department of Major Company has the following production and
Determine the costs to be assigned to the units transferred out and in process????
The Polishing Department of Major Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process. Production: Beginning inventory 1,860 units that are 100% complete as to materials and 30% complete as to conversion costs; units started during the period are 45,100; ending inventory of 5,000 units 10% complete as to conversion costs. Manufacturing costs: Beginning inventory costs, comprised of $21,500 of materials and $69,382 of conversion costs; materials costs added in Polishing during the month, $201,560; labor and overhead applied in Polishing during the month, $127,100 and $257,840, respectively. Your answer is correct. Compute the equivalent units of production for materials and conversion costs for the month of September. Materials Conversion Costs The equivalent units of production 46960 42460 LINK TO TEXT LINK TO TEXT Your answer is correct. Compute the unit costs for materials and conversion costs for the month. (Round unit costs to 2 decimal places, e.g. 2.25.) Materials Conversion Costs Unit costs 4.75 10.70 LINK TO TEXT LINK TO TEXT x Your answer is incorrect. Try again. Determine the costs to be assigned to the units transferred out and in process. (Round unit costs to 2 decimal places, e.g. 2.25 and final answers to o decimal places, e.g. 1,225.) Transferred out 5000 Ending work in process 29075Step by Step Solution
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