Question
The Polishing Department of Harbin Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process.
The Polishing Department of Harbin Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process. Production: Beginning inventory 1,900 units that are 100% complete as to materials and 30% complete as to conversion costs; units started during the period are 40,300; ending inventory of 5,200 units 10% complete as to conversion costs. Manufacturing costs: Beginning inventory costs, comprised of $20,720 of materials and $87,262 of conversion costs; materials costs added in Polishing during the month, $194,500; labor and overhead applied in Polishing during the month, $126,990 and $258,500, respectively.
Compute the equivalent units of production for materials and conversion costs for the month of September.
Compute the unit costs for the month.
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