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Hi there! Can you please help with this problem also? Morse company 1. Equivalent Units of Production Material Equivalent Units 1,810 Conversion Costs 1,498 2.
Hi there! Can you please help with this problem also?
Morse company 1. Equivalent Units of Production Material Equivalent Units 1,810 Conversion Costs 1,498 2. Unit Cost of Production Material Cost per Unit 1.641 Conversion Costs 2.407 3.Assignment of costs to Goods transferred out and in Orocess transferred Out 5,223 Work In Process, July 31 Materials 854 Conversion Cost 500 1,354 Total Costs $6,577 Production Cost report Quantities Units to be accounted for Work In Process July1 Started in to Production Total Units Units accounted for Transferred out Work in process July 31 Total Units Costs Unit Costs Total Costs Equivalent Units Unit Costs Costs to be accounted for Work in process July1 Started in to production Total Costs Cost Reconciliation Schedule Costs accounted for Transferred out Work in Process July 31 Materials Conversion Costs Total Costs Physical Units 430 1,380 1,810 1,290 520 1,810 Materials $2,971 1,810 $1.641 Equivalent Units Conversion Materials Costs - 1,290 520 1,810 Conversion Costs $3,606 1,498 $2.407 1,290 208 1,498 Total 6,577 $4.049 1,290 5,287 $6,577 $5,223 854 500 1,354 $6,577Step by Step Solution
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