Question
Materials Labor Factory Overhead Beginning work in process $ 8,100 $3,200 $ 3,000 Costs incurred during July 25,650 9,400 4,000 Total costs $33,750 $12,600 $7,000
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Materials |
Labor | Factory Overhead | |
| Beginning work in process | $ 8,100 | $3,200 | $ 3,000 | |
| Costs incurred during July | 25,650 | 9,400 | 4,000 | |
| Total costs | $33,750 | $12,600 | $7,000 | |
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| Goods completed |
|
| 60,000 units | |
| Ending work in process |
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| 15,000 units | |
All material costs are added at the beginning of the process. The ending work in process is two-thirds complete as to conversion costs. The average cost method is used to distributed the total production costs. (1) What are the total production costs to be accounted for? (2) What is the equivalent production (EPU) units for materials, labor, and factory overhead, respectively? (3) What is the unit cost for materials, labor, and factory overhead? (4) What is the cost of units completed? (5) What is the cost of ending work in process
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