Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Exercise 16-11 (Part Level Submission) The Polishing Department of Major Company has the following production and manufacturing cost data for September. Materials are entered at
Exercise 16-11 (Part Level Submission) 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 units started durma he period Production: Beginning inventory 1,650 units that are 100% complete as to materials and 30% complete as to conversion costs are 40,600; ending inventory of 6,300 units 10% complete as to conversion costs. Manufacturing costs: Beginning inventory costs, comprised of $21,700 of materials and $11,256 of conversion costs; materials costs added in Polishing during the month, $180,678; labor and overhead applied in Polishing during the month, $127,200 and $257,340, respectively. ? (a) ?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 42250 36580 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTIONSHOW ANSWER LINK TO TEXT VIDEO: APPLIED SKILLS Attempts: 1 of 3 used 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 4.79 10.82 Click if you would like to Show Work for this question: Open Show Work
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started