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Hela I System.Announcements CALCIRATOR PRINTER VO BACK Exercise 15-18 The Smelting Department of Patrin Company has the following production and cost data for September.
Hela I System.Announcements CALCIRATOR PRINTER VO BACK Exercise 15-18 The Smelting Department of Patrin Company has the following production and cost data for September. Production: Beginning work in process 1,900 units that are 100% complete as to materials and 20% complete as to conversion costs; units started and finished 8,000 units; and ending work in process 1,000 units that are 100% complete as to materiale and 40% complete as to conversion costs. Manufacturing costs: Work in process, September 1, $15,000; materials added $60,300; labor and overhead $120,032. Potrin uses the FIFO method to compute equivalent units. Compute the equivalent units of production for (1) materials and (2) conversion costs for the month of September. Materials Conversion Costs The equivalent units of production Compute the unit costs for the month. (Round unit costs to 2 decimal places, g. 2.25) Unit costs Materials Conversion Costs Determine the costs to be assigned to the units transferred out and in process. (Round unit costs to 2 decimal places, eg. 2.25 and final answers to B decimal places, Transferred out Work in process s 1817843
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