Question
Frankoff Company had a beginning work-in-process inventory of 31,400 units on June 1. These units contained $127,000 of direct materials and $274,800 of conversion cost.
Frankoff Company had a beginning work-in-process inventory of 31,400 units on June 1. These units contained $127,000 of direct materials and $274,800 of conversion cost. The following data relate to activity during June:
Production completed (units) | 72,800 | ||
Ending work in process, 50% complete (units) | 24,200 | ||
Direct materials used | $ | 265,000 | |
Conversion cost | $ | 704,000 | |
Required: A.Compute the total equivalent units for direct material and conversion cost. B.Compute the cost per equivalent unit of direct material and conversion cost.(Round your answers to 2 decimal places.) C.Determine the cost of completed production.(Round your intermediate calculations to 2 decimal places and final answers to nearest whole dollar.) D.Determine the cost of the June 30 work in process.(Round your intermediate
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Introduction to Managerial Accounting
Authors: Peter Brewer, Ray Garrison, Eric Noreen
7th edition
978-1259675539, 125967553X, 978-1259594168, 1259594165, 78025796, 978-0078025792
