Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

eBook Print Item Equivalent Units, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process The blending department had the following data for

image text in transcribed
eBook Print Item Equivalent Units, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process The blending department had the following data for the month of March: Units in BWIP 21,600 Units completed Units in EWIP (30% complete) Total manufacturing costs 2,250 $80,190 Required: 1. What is the output in equivalent units for March? 2,250 X equivalent units 2. What is the unit manufacturing cost for March? Note: Round your answer to the nearest cent. 3.60 per unit 3. Compute the cost of goods transferred out for March $1 77,760 4. Calculate the value of March's EWIP, 2,430 Feedback

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management and Cost Accounting

Authors: Colin Drury

8th edition

978-1408041802, 1408041804, 978-1408048566, 1408048566, 978-1408093887

Students also viewed these Accounting questions