Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please help solve: cost per equivalent unit, units transferred and completed, units in beginning WIP from prior period and from current period, tota cost transferred
please help solve:
a. WIP, June 1, had 24,000 units (60% completed) and the following costs: Direct materials $186,256 Direct labor 64,864 Overhead applied 34,400 b. During June, 70,000 units were completed and transferred to the finishing department, and the following costs were added to production: Direct materials $267,880 Direct labor 253,000 Overhead applied 117,600 c. On June 30, there were 10,000 partially completed units in process. These units were 70% complete cost per equivalent unit, units transferred and completed, units in beginning WIP from prior period and from current period, tota cost transferred out, goods in ending work in process and total costs accounted for.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started