Question
Question 28 Quebec Manufacturing Ltd. has the following information regarding its February costs and production: Beginning work in process 31,600 units Started in production 119,300
Question 28
Quebec Manufacturing Ltd. has the following information regarding its February costs and production:
Beginning work in process 31,600 units
Started in production 119,300 units
Completed production 100,000 units
Ending work in process 50,900 units
1.Materials are added at the beginning of the process. Beginning WIP was50% complete for conversion costs and ending WIP was30% complete for conversion costs.
2.Beginning inventory costs consist of $75,200for materials, $32,400for direct labour, and $30,800for overhead.
3.Costs incurred during February were$602,465for materials, $208,400for labour, and $308,844for overhead.
Determine the equivalent units of production for materials and conversion costs for February using the FIFO method.
Materials Conversion costs
Equivalent units _________ _______________
Calculate the unit costs.(Round unit costs to 3 decimal places, e.g. 15.251.)
Unit costs
Materials $ ___________
Conversion $ ___________
Total $ ___________
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