Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Polishing Department of Major Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process.

The Polishing Department of Major Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process. Production: Beginning inventory 1,590 units that are 100% complete as to materials and 30% complete as to conversion costs; units started during the period are 45,600; ending inventory of 5,400 units 10% complete as to conversion costs. Manufacturing costs: Beginning inventory costs, comprised of $20,500 of materials and $60,802 of conversion costs; materials costs added in Polishing during the month, $226,304; labor and overhead applied in Polishing during the month, $125,800 and $257,440, respectively.

A.Compute the equivalent units of production for materials and conversion costs for the month of September.

b. compute the unit costs for materials and conversion costs for the month. c. determine the costs to be assigne to the units transfered out in the process.

c. determine the costs to be assigne to the units transfered out in the process

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Ray Garrison, Eric Noreen and Peter Brewer

14th edition

978-007811100, 78111005, 978-0078111006

More Books

Students also viewed these Accounting questions

Question

6. Issues in the long term

Answered: 1 week ago

Question

Consider this article:...

Answered: 1 week ago

Question

1. What do I mean? Do I define things adequately?

Answered: 1 week ago

Question

Do people turn to you when its time for a meeting to be summed up?

Answered: 1 week ago