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The debits to Work in ProcessAssembly Department for April, together with data concerning production, are as follows: April 1, work in process: Materials cost, 3,000
The debits to Work in ProcessAssembly Department for April, together with data concerning production, are as follows:
April 1, work in process: | |
Materials cost, 3,000 units | $ 7,910 |
Conversion costs, 3,000 units, 40% completed | 5,191 |
Materials added during April, 10,000 units | 27,841 |
Conversion costs during April | 34,425 |
Goods finished during April, 12,000 units | 0 |
April 30 work in process, 1,000 units, 40% completed | 0 |
All direct materials are added at the beginning of the process, and the first-in, first-out method is used to cost inventories. The conversion cost per equivalent unit for April is
$2.65
$3.44
$3.07
$2.99
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