Question
Ivanhoe Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are added at the beginning, and conversion costs are incurred uniformly. Production
Ivanhoe Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are added at the beginning, and conversion costs are incurred uniformly. Production and cost data for the first process in making a product are as follows.
Cutting Department | ||
---|---|---|
Production DataJuly | T12-Tables | |
Work in process units, July 1 | 0 | |
Units started into production | 21,600 | |
Work in process units, July 31 | 3,240 | |
Work in process percent complete as to conversion, July 31 | 60% | |
Cost DataJuly | ||
Work in process, July 1 | $0 | |
Direct materials used in July | 410,400 | |
Direct labor incurred in July | 253,152 | |
Manufacturing overhead assigned in July | 112,320 | |
Total | $775,872 |
(a1)
Correct answer icon
Your answer is correct.
Compute the physical units of production.
T12 Tables | ||
---|---|---|
Units to be accounted for | enter the number of units |
eTextbook and Media
Assistance Used
Attempts: 1 of 3 used
(a2)
- Your Answer
- Correct Answer (Used)
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Your answer is partially correct.
Compute equivalent units of production for materials and for conversion costs.
Materials | Conversion Costs | |||
---|---|---|---|---|
Total equivalent units | enter a number of units | enter a number of units |
eTextbook and Media
Solution
Attempts: 3 of 3 used
(a3)
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Your answer is incorrect.
Determine the unit costs of production for July.
Materials | Conversion Costs | Total Costs | ||||
---|---|---|---|---|---|---|
Unit costs-T12 Tables | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount |
eTextbook and Media
Assistance Used
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Attempts: 1 of 3 used
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(a4)
The parts of this question must be completed in order. This part will be available when you complete the part above.
(b)
The parts of this question must be completed in order. This part will be available when you complete the part above.
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