Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Blending Department of Luongo Company has the following cost and production data for the month of April. Costs: Work in process, April 2 Direct

image text in transcribed
image text in transcribed
image text in transcribed
The Blending Department of Luongo Company has the following cost and production data for the month of April. Costs: Work in process, April 2 Direct materials: 100% complete Conversion costs: 20% complete Cost of work in process, April 1 Costs incurred during production in April Direct materials Conversion costs Costs incurred in April $106,000 74,200 $180,200 $848,000 386.900 $1.234,900 Units transferred out totaled 18,020. Ending work in process was 1.060 units that are 100% complete as to materials and 40% complete as to conversion costs Compute the equivalent units of production for (1) materials and (2) conversion costs for the month of April. Materials Conversion Costs The equivalent units of production eTextbook and Media Compute the unit costs for the month Materials Conversion Costs Unit costs $ Determine the costs to be assigned to the units transferred out and in ending work in process. Transferred out $ Ending work in process $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting For Beginners

Authors: Kokab Rahman

1st Edition

149479294X, 978-1494792947

More Books

Students also viewed these Accounting questions