Question
Oriole Company reported the following information for the month of April: Units Work in Process Beginning inventory, April 1 7,200 Added to production 44,700 Completed
Oriole Company reported the following information for the month of April:
| Units | ||
| Work in Process |
| |
| Beginning inventory, April 1 | 7,200 | |
| Added to production | 44,700 | |
| Completed and transferred out | ? | |
| Ending inventory, April 30 | 4,000 |
Ending inventory was 100% complete with respect to materials and 56% complete with respect to labor and overhead. Oriole also reported the following cost information in April:
| Costs | ||||
| Materials | Labor and Overhead | |||
| Work in Process | ||||
| Beginning inventory, April 1 | $11,000 | $17,400 | ||
| Added to production | 67,700 | 135,000 | ||
What are the equivalent units of production for materials? For labor and overhead?
What was the cost per equivalent unit for materials?
What was the cost per equivalent unit for labor and overhead?
What cost would be assigned to the units transferred out of Work in Process Inventory?
What cost would be assigned to the ending Work in Process Inventory?
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McGraw-Hill Education SAT 2017
Authors: Christopher Black, Mark Anestis
1st Edition
1259641651, 978-1259641657
