Question
Old Aunties Syrup uses process costing. Its Mixing Department had a beginning inventory of 650 units that had accumulated conversion costs of $16,486. During the
Old Aunties Syrup uses process costing. Its Mixing Department had a beginning inventory of 650 units that had accumulated conversion costs of $16,486. During the period, the Mixing Department incurred conversion costs of $43,400 and started 21,900 new units. Ending inventory consisted of 700 units that were 40% complete with respect to conversion costs. Materials are added at the beginning of the process. Calculate the cost per equivalent unit for conversion costs in the Mixing Department. Costs Conversion Beginning Work in Process Cost incurred during period Total cost incurred Units Units completed Equivalent units in ending WIP Units accounted for Cost per equivalent unit
Costs | Conversion | |
Beginning Work in Process | ||
Cost incurred during period | ||
Total cost incurred | ||
Units | ||
Units completed | ||
Equivalent units in ending WIP | ||
Units accounted for | ||
Cost per equivalent unit |
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