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Here is information from production cost report of Newman corporation. Newman uses process costing system, weighted- average method). What is the total production cost per
Here is information from production cost report of Newman corporation. Newman uses process costing system, weighted- average method). What is the total production cost per unit according to the report ?
Total unites over the year | 900,000 units |
Total finished goods over the year | 700,000 units |
Equivalent units raw material | 900,000 units |
Equivalent units conversion cost | 820,000 units |
Raw material beginning of the year | $50,000 |
Raw material cost beginning of the year | $400,000 |
Conversion cost beginning of the year | $35,000 |
Direct labour over the year | $40,000 |
Manufacturing overhead over the year | $130,000 |
Total work in process at the end of the year 60% done | 200,000 units |
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