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Please explain every step. I knew how to do some of it then I look up the question on chegg and i see answers without
Please explain every step. I knew how to do some of it then I look up the question on chegg and i see answers without steps explained so I have no idea how to do it. So when you use numbers that arent part of the question, explain where those numbers are from!
Wildhorse Company manufactures basketballs. The first step is the production of internal rubber bladders. Materials are added at the beginning of the production process and conversion costs are incurred uniformly. Production and cost data for the Bladder Department for July 2022 are as follows: Units Percent Complete 60% 510 1,150 700 30% Production Data-Basketballs Work in process inventory units, July 1 Units started into production Work in process inventory units, July 31 Cost Data-Basketballs Work in process, July 1 Materials Conversion costs Costs added during July Direct materials $760 700 $1,460 3,058 Direct labour 1,530 Manufacturing overhead 1,514 Calculate the following: (Round unit costs to 2 decimal places, eg. 15.25.) 1. The equivalent units of production for materials and conversion costs Equivalent Units of Production Direct materials 1660 Conversion costs 1170 2. The unit production costs for materials and conversion costs Cost per unit Direct materials 2.30 Conversion costs 3.31 3. The assignment of costs to units completed and transferred out and to work process at the end of the accounting period Costs accounted for $ 5386.67 Completed and transferred out Work in process inventory, July 31 Direct materials $ 1610 Conversion costs Total costs accounted for
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