Question
The Finishing Department of Eagle Company has the following production and cost data for April: 1. Transferred out, 7,500 units. 2. Ending work in process,
The Finishing Department of Eagle Company has the following production and cost data for April:
1. Transferred out, 7,500 units.
2. Ending work in process, 2,500 units that are 35% completed at April 30.
3. Materials added, $32,000; conversion costs incurred, $19,500.
Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process.
Instructions: Submit your answers response box provided. Clearly mark your response as A, B or C. Show your work! (I can't give partial credit without it)
A. Compute the equivalent units of production for materials and conversion costs for the month of April.
B. Compute unit costs (materials and conversion)
C. Using the unit costs calculated in the previous step, calculate the cost of transferred out for April
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