Question
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 1,860 units that are 100% complete as to materials and 30% complete as to conversion costs; units started during the period are 45,100; ending inventory of 5,800 units 10% complete as to conversion costs. Manufacturing costs: Beginning inventory costs, comprised of $ 20,800 of materials and $ 41,608 of conversion costs; materials costs added in Polishing during the month, $ 225,740; labor and overhead applied in Polishing during the month, $ 125,900 and $ 258,240, respectively.
Part 1 Your answer is incorrect Compute the equivalent units of production for materials and conversion costs for the month of September, Materials Conversion Costs The equivalent units of production 5.26 e Textbook and Media Assistance Used eTextbook Attempts: 2 of 3 used Submit Answer Save forster Last saved 3 seconds ago Saved work will be auto-submitted on the due date. Auto Submission can take up to 10 minutes Part 2 Compute the unit costs for materials and conversion costs for the month Round unit costs to 2 decimal places 2.250 Materials Conversion Costs Unit costs Part 2 Compute the unit costs for materials and conversion costs for the month. (Round unit costs to 2 decimal places, eg: 225) Materials Conversion Costs Unit costs 5 $ eTextbook and Media Assistance Used Tadbook Save for Lanter Attempts: 0 of 3 used Submit Answer Part 3 Determine the costs to be assigned to the units transferred out and in process. (Round unit costs to 2 decimal places, . 2.25 and final answers to decimal places, s 1.225) Transferred out $ Ending work in process $ eTextbook and Media Assistance UsedStep by Step Solution
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