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Felix Morris Company reports the following information for its Blending process during the month of April 2021 Materials are entered at the beginning of the
Felix Morris Company reports the following information for its Blending process during the month of April 2021 Materials are entered at the beginning of the Baking process, Other costs are incurred evenly during the process Production results were: (1) 108,000 units were started at the beginning of April (2) At April 30, 2020, 10,800 units were left 50% complete as to conversion and 100% complete as to material . Costs accumulated during April include: (1) s0 costs (no beginning WIP) (2) Material, $144,000 (3) Labor, S110.000 (4) Manufacturing Overhead, S202,000 INSTRUCTIONS: (Hint: Be sure to have a blank Product Cost Report to help you) Answer the questions below. Strictly follow these specifications: Round S-amounts to the nearest $.01 (penny). Include the rounded amount in the compuations. . Include a Son all dollar amounts. . Include the decimal point and 2-digit cents on all dollar amounts. Round S-amounts to the nearest s.Ol (periny). Include the rounded amount in the compuations Include a Son all dollar amounts Include the decimal point and 2-digit cents on all dollar amounts. Include a comma on all dollar amounts where applicable. . For each blank, do not provide a longer answer than asked. ALL are one-word or one s-amount answers Required: The TOTAL number of units in process during the month is units. . The equivalent units of production for material equals units. . The equivalent units of production for Conversion cost equals units. The answer to #3 is found by adding together: 1. units and 2 units multiplied by percent The unit cost for material equals divided by The unit cost for conversion cost equals divided by The total cost to be accounted for equals How many units were transferred out? How many units were transferred out? What is the total cost of units transferred out
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