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The following information concerns production in the Forging Department for June. All direct materials are placed into the process at the beginning of production, and
The following information concerns production in the Forging Department for June. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning nventory consists of $18,000 of direct materials. Cost per equivalent units of $9.60 for Direct Materials and $3.00 for Conversion Costs. Based on the above data, determine each of the following amounts. If required, round your interim calculations to two decimal places. Round final answers (a-c) to the nearest dollar. a. Cost of beginning work in process inventory completed in June Cest per ecsivesent whes of 39.60 fer Direct Mateials and 13.00 for Converaisn Costs. 3. Cost of begirning work in procnts invertary cempleted in Jurie b. Coct of unti translerted to that nivt desartment during June c. Cost of ending wbrt in prscess ifventory on dune 30 Direct materiat cost per equepalent unit 1 Conyerion tost per etulvalent unit is
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