Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed

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 Units completed Units in EWIP (60% complete) Total manufacturing costs Required: 1. What is the output in equivalent units for March? 21,600 2,250 $82,620 22,050 equivalent units 2. What is the unit manufacturing cost for March? Round your answer to the nearest cent. 4.9 X per unit 3. Compute the cost of goods transferred out for March. $105,840 X 4. Calculate the value of March's EWIP $2,205 X

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions