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Skylight Co produces Glass Windows and assigns its costs using the process costing system. For the month of January, the following information was provided regarding
Skylight Co produces Glass Windows and assigns its costs using the process costing system. For the month of January, the following information was provided regarding units processed: Units Completed and Transferred Out 6,500 units Units in Ending Inventory 1,200 units The units in ending work in process inventory were 30% complete with respect to direct materials and 55% complete with respect to conversion costs. In addition, Skylight Co had the following costs associated with their product in the month of January Beginning Work In Process - Direct Materials $120,000 Beginning Work In Process - Conversion Costs $30,000 Direct Materials Added $600,000 Conversion Costs Added $200,000 What is the cost per unit? And, what is the cost assigned to units in ending inventory
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