Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

how much is the equivalent units of conversion cost in the WIP at the Jan 31 ? how much does the unit materials cost? How

how much is the equivalent units of conversion cost in the WIP at the Jan 31 ?

how much does the unit materials cost?

How much is the total manufacturing cost per unit?

how much is the total of conversion costs in the WIP on 31 May ?

Please answer it ASAP i will give a like image text in transcribed

any method that is often used please help asap

Machining Department Percentage complete Physical units Materials Conversion cost Work in process, May 1 72.000 100% 80% Started into production 508.000 Total units 580.000 Unit completed and transferred out 420.000 Work in process, May 31 160.000 100% 70% Total units 580.000 Costs Work in process, May 1 Direct materials (100% complete) 80.000 Conversion costs (80% complete) 64.000 Unit started into production during June144.000 Work in process, May 31 Direct materials 725.000 Conversion costs 80.000 Costs incurred in May 805.000 How much is the equivalent units of conversion cost in the WIP at the January 31

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Practitioners Guide To Business Impact Analysis Internal Audit And IT Audit

Authors: Priti Sikdar

1st Edition

036756792X, 978-0367567927

More Books

Students also viewed these Accounting questions