Question
Task 3: Conversion Costs Problem Hartwell Drug Company produces a supplement to improve bone density. Conversion costs are added evenly throughout the production process. The
Task 3: Conversion Costs Problem
Hartwell Drug Company produces a supplement to improve bone density. Conversion costs are added evenly throughout the production process. The following information is available for March:
| Units | |
| Units (gallons) in process, March 1 (40% complete) | 400 |
| Units started in March | 1,000 |
| Units in process, March 31 (80% complete) | 250 |
| Costs | |
| Conversion costs in WIP, March 1 | |
| Labor | $36,000 |
| Overhead | $6,000 |
| Labor costs in March (5,100 hours) | $102,780 |
Overhead in March $49,000
1. Compute the number of units completed in March.
2. Compute the cost per equivalent unit for conversion costs. 3. Compute the conversion costs included in units completed in March.
4. Compute the conversion costs included in units in process at the end of March.
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Crash Course Medical Research Audit And Teaching The Essentials For Career Success
Authors: Amit Kaura MSc BSc MB ChB MRCP AFHEA AMInstLM, Darrel Francis, Shreelata T Datta MD MRCOG LLM MBBS BSc, Philip Xiu MA MB BChir MRCP MRCGP MScClinEd FHEA MAcadMEd RCPathME
2nd Edition
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