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the following information concerns production in the forging department for November. All direct materials are placed into the process at the beginning of production, and
the following information concerns production in the forging department for November. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. the beginning consists of $9,000 of direct materials.
Conts per Equivalent Unit and Preduction Costs The following information concems production in the forgng Department for November All direct materials are placed into the process at the beginning of production, and canversion costs are incurred eveny throushout the process. The begnining inventory consists of $9,000 of direct materials. Cost oer equivalent urits of 59.60 for Orect Materials and 53.00 for Cerverson Costin Based on the above data, determne each of the folowing amounta, If reguired, round your interim caiculabons to two dictmal places. Peund finwl anewers (a-c) to the nearest follar: a. Cost ef beginting work in process inventory coenpleted in Novernber. x b. Cost of units transferred to the Next desartment furicid kiovember. x. c. Cost of ending work in process inventory on November 30 . x d. Costs per equivalent unit of direct materials and conversion inciuded in the November 1 beginning work in process. If required, round your answers to two decimal places. e. The November increase or decrease in costs per equivalent unit for direct materials and conversicn from the previous month, If required, round your answers to two decimal places. Trestacin * Chack Work a. How much mare (percectage amoura) needed to be done to the beginning work in procest units io make the unts to oomplete to trancher to the next dehartmert? Did these unts zequire more material cost of more conversion cost? How much, in ferms of cost. had been done to lifese urits in the price peried Step by Step Solution
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