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Name 1. Suburbia Company manufactures a product through a continuous single-step process. All materials are added at the beginning of processing. Production and cost data
Name 1. Suburbia Company manufactures a product through a continuous single-step process. All materials are added at the beginning of processing. Production and cost data for the company for February 2016 are as follows: Production data: In process, beginning of month (20% converted) Started during February Completed and transferred to finished goods In process, end of month (60% converted) 1,000 units 5,000 units 4,500 units 1,500 units Manufacturing costs: Work in process, beginning (Direct Materials $3,000; Conversion Costs: $18,360) Materials Conversion Costs added during period $21,360 $45,000 $154,440 Required: Using the Weighted Average method: Equivalent Units of Production for Direct materials Do not enter commas in answer for example 5,000 should be entered as 5000) Equivalent Units of Production for Conversion Costs Do not enter commas in answer for example 5,000 should be entered as 5000) Cost per Equivalent Unit - Direct Materials (Round to Do not enter commas in answer for example 5,000 should be entered as 5000) Cost per Equivalent Unit - Direct Materials (Round to 2 decimal places) Cost per Equivalent Unit - Conversion Costs (Round to 2 decimal places) Total value of Ending Work in Process .00 (Round to the nearest whole dollar Fall 2021 Acct 305 Quiz #1 Due: 10/11/21 and do not enter dollar signs or commas in answer for example $5,000 should be entered as 5000) Total value of units transferred out .00 (Round to the nearest whole dollar and do not enter dollar signs or commas in answer for example $5,000 should be entered as 5000)
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