Answered step by step
Verified Expert Solution
Question
1 Approved Answer
pls help Cost per Equivalent Unit The following information concerns production in the Forging Department for November. All direct materials are placed into the process
pls help
Cost per Equivalent Unit The following information concerns production in the Forging Department for November. All direct materials are placed into the process at the beginning of production, a conversion costs are incurred evenly throughout the process. The beginning inventory consists of $89,280 of direct materials ACCOUNT Work in Process-Forging Department ACCOUNT NO. Date Balance Item Debit Credit Debit Credit Nov. 1 Bal, 9,600 units, 70% completed 108,768 30 Direct materials, 87,000 units 791,700 900,468 30 Direct labor 112,280 1,012,748 30 Factory overhead 155,050 ? 1,167,798 30 Goods finished, 2 units 30 Bal, 7,700 units, 90% completed a. Determine the number of units transferred to the next department units b. Determine the costs per equivalent unit of direct materials and conversion. If required, round your answer to two desmal places. Cost per equivalent unit of direct materials Cost per equivalent unit of conversion c. Determine the cost of units started and completed in November 2 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