Question
The following data relate to Work in ProcessDepartment C, in which all materials are added at the start of processing: Work in Process Department C:
The following data relate to Work in ProcessDepartment C, in which all materials are added at the start of processing:
| Work in Process Department C: Inventory, March 1: |
|
| Materials cost (1,200 pounds; 100% Complete) | $7020 |
| Conversion cost (20% complete) | 1804 |
| Costs incurred this period: |
|
| Direct materials used (9,000 pounds) | $36,330 |
| Direct Labor | 10,880 |
| Overhead | 17820 |
| Inventory, March 31: |
|
| Materials cost ( 1,800 pounds, 100% complete) | ?????? |
| Conversion cost (1,800 pounds, 80% complete) | ?????? |
| Pounds of product transferred out: 8,400 |
|
Using these data, compute:
a. The unit cost per equivalent unit for materials and conversion (use the average cost method).
b. The cost of the product transferred out.
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Internal Audit Of Constructions Projects Importants Readings For Quantity Surveyors Volume 5
Authors: GAURAV BHADANI
1st Edition
B098JL3TZK, 979-8530908842
