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i nee help with this two At the end of the month, Michael Company calculated equivalent units of production in the second processing department, the
i nee help with this two
At the end of the month, Michael Company calculated equivalent units of production in the second processing department, the Packaging Department, as shown below: UNITS Equivalent Units Equivalent Units Equivalent Units Units accounted for Transferred In Direct Materials Costs Conversion Costs Completed and transferred 54,000 54,000 54,000 out Ending work-in-process 9,000 9,000 5.400 63.000 63,000 59,400 The cost per equivalent unit using the weighted - average method is $5 for material costs, $6 for conversion costs, and $7 for transferred in. What is the cost of ending work-in-process for the Packaging Department? Jackson Company has current period direct materials costs of $460,000, direct labor costs of $340,000, an manufacturing overhead allocated of $160,000. Equivalent units of production for conversion costs is 290,000 units. Use the FIFO method to compute the cost per equivalent unit of production for conversion. ERStep by Step Solution
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