Process Costing

- Equivalent Units

- Inventories

...Thanks!

Bluetones Ltd. experienced the following activity in its Machining Department during Time. Materials are added at the beginning of the machining process. Required Summarize flow of physical units and compute total equivalent units for three cost categories: transferred-in, direct materials, and conversion costs. Summarize total costs to account for and compute the cost per equivalent unit for each cost category. Assign total costs to units completed and transferred to Finished Goods Inventory and units in June 30 Work in Process Inventory