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Exercise 21-08 a-c The Blending Department of Lily Company has the following cost and production data for the month of Apr Costs: Work in process,
Exercise 21-08 a-c The Blending Department of Lily Company has the following cost and production data for the month of Apr Costs: Work in process, April 1 Direct materials: 100% complete Conversion costs: 20% complete Cost of work in process, April 1 $103,000 72,100 $175,100 Costs incurred during production in April Direct materials $824,000 375,950 $1,199,950 Conversion costs Costs incurred in April units transferred out totaled 17,510. Ending work in process was 1,030 units that are 100% compete as t materials and 40 complete as to conversion costs. Compute the equivalent units of production for (1) materials and (2) conversion costs for the month of April Materials Conversion Costs The equivalent units of production Compute the unit costs for the month Materials Conversion Costs Unit costs Determine the costs to be assigned to the units transferred out and in ending work in process Transferred out Ending work in process Click if you would like to Show Work for this question: Open Show Work
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