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Problem 4-47A Jessica Company manufactures hockey pucks and soccer balls. For both products, materials are added at the beginning of the production process and conversion

Problem 4-47A

Jessica Company manufactures hockey pucks and soccer balls. For both products, materials are added at the beginning of the production process and conversion costs are incurred evenly. Jessica uses the FIFO method to calculate equivalent units. Production and cost data for the month of August are as follows:
Production DataHockey pucks Units Percent Complete
Work in process units, August 1 430 70%
Units started into production 1,660
Work in process units, August 31 610 30%
Cost DataHockey pucks
Work in process, August 1 $1,110
Direct materials 1,992
Direct labour 1,160
Manufacturing overhead 883
Production DataSoccer balls
Work in process units, August 1 340 90%
Units started into production 2,320
Work in process units, August 31 250 60%
Cost DataSoccer balls
Work in process, August 1 $450
Direct materials 3,712
Direct labour 990
Manufacturing overhead 1,489
Calculate the following for both the hockey pucks and the soccer balls: (Round answers to the nearest whole dollar, e.g. 5,275. Round per unit costs to the 3 decimal places, e.g. 15.253.) 1. The unit costs of production for materials and conversion costs.
Hockey pucks Soccer balls
Materials
Conversion Cost

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