Question
Freddie Company adds direct materials at the beginning of the process and adds conversion costs throughout the process. Data for the Finishing Department follows: WIP,
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Freddie Company adds direct materials at the beginning of the process and adds conversion costs throughout the process. Data for the Finishing Department follows:
| WIP, April 1 | 12 comma 00012,000 units | |
| Transferredminusin costs in WIP, April 1 | $79,940 | |
| Direct materials (100%) in WIP, April 1 | $24,420 | |
| Conversion costs (7070%) in WIP, April 1 | $23,400 | |
| Units transferredminusin | 51 comma 00051,000 | |
| Transferredminusin costs during April | $550,900 | |
| Units completed | 43 comma 00043,000 | |
| April direct materials cost | $155,500 | |
| April conversion costs | $239,250 | |
| WIP, April 30 | 20 comma 00020,000 units | |
| (100% for materials and 2020% for conversion costs) | ||
What are the equivalent units for conversion costs?
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Cost And Management Accounting An Introduction
Authors: Colin Drury
5th Edition
1861529058, 978-1861529053
