Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Marigold Company has the following production data for selected months. Ending Work in Process Beginning Units % Complete as to Month Work in Process Transferred
Marigold Company has the following production data for selected months. Ending Work in Process Beginning Units % Complete as to Month Work in Process Transferred Out Units Conversion Cost January 40,900 11,400 41% March 44,300 8,400 July 46,100 21,700 75 Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process. Materials Conversion Costs January March July The Smelting Department of Sheffield Company has the following production data for November. Production: Beginning work in process 3,600 units that are 100% complete as to materials and 27% complete as to conversion costs; units transferred out 10,000 units; and ending work in process 7,400 units that are 100% complete as to materials and 41% complete as to conversion costs. Compute the equivalent units of production for (a) materials and (b) conversion costs for the month of November. Materials Conversion Costs Total equivalent units In Waterway Company, total materials costs are $40,000, and total conversion costs are $53,520. Equivalent units of production are materials 10,000 and conversion costs 12,000. Compute the unit costs for materials and conversion costs. (Round answers to 2 decimal places, e.g. 2.25.) Materials cost per unit $ Conversion cost per unit $ e Textbook and Media Compute total manufacturing costs. (Round answer to 2 decimal places, e.g. 2.25.) Total manufacturing cost per unit $
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started