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There are 2 questions, the 1st pic is q1 and the 2nd and 3rd pic are q2. please answer all. Thanks! Materials are added at
There are 2 questions, the 1st pic is q1 and the 2nd and 3rd pic are q2. please answer all. Thanks!
Materials are added at the beginning of the production process at Campo Company. The following information on the physical flow of units is available for the month of November. Beginning work in process (48% complete) Started in November Completed in November and transferred out Ending work in process (60% complete) 51,000 560,000 525,000 86,000 Cost data for November show the following. $ 34,300 55,700 Beginning WIP inventory Direct materials costs Conversion costs Current period costs Direct materials costs Conversion costs $ 352,950 1,279,552 Required: a. Compute the cost equivalent units for the conversion cost calculation assuming Campo uses the weighted average method. b. Compute the cost per equivalent unit for materials and conversion costs for November. LIELY 2 Ferdon Watches, Inc, makes four models of watches, Gag-Gift, Commuter, Sport, and Retirement. Ferdon manufactures the watches in four departments Assembly, Polishing, Special Finishing, and Packaging All four models are started in Assembly where all material is assembled. The Gag-Gift is transferred to Packaging, where it is packaged and transferred to finished goods inventory. The Commuter and Sport are assembled, then transferred to Polishing. Once the polishing process is completed, they are transferred to Packaging and then finished goods. The Retirement model is assembled and then transferred to Special Finishing, and then Packaging. When packaged, it is transferred to finished goods. 1 points X 01:33:15 Data for October are shown in the following table. Conversion costs are allocated based on the number of units processed in each department Skipped Total $ 513,200 Gag-Gift (8,400 units) $ 21,000 Cornuter (13,400 units) $134,000 Sport (19,800 units) $ 277,200 Retirement (5,400 units) $ 81,000 eBook Print References Materials Conversion costs: Assembly Polishing Special Finishing Packaging Total conversion costs $ 235,000 132,800 59,400 188,000 $ 615,200 Required: b. What is the cost per unit transferred to finished goods inventory for each of the four watches in October? (Round "Cost Per Unit" to 2 decimal places.) Cast Per linit 2 Total $ 513,200 Gag-Gift (8,400 units $ 21,000 Commuter (13,400 units) $ 134,000 Sport (19,800 units) $ 277,200 Retirement (5,400 units) $ 81,000 1 polnts Materials Conversion costs: Assembly Polishing Special Finishing Packaging Total conversion costs $ 235,000 132,800 59,400 188,000 $615,200 01:32:52 Skipped Required: b. What is the cost per unit transferred to finished goods inventory for each of the four watches in October? (Round "Cost Per Unit" 2 decimal places.) e Book Print Cost Per Unit References Gag-Gift Commuter Sport RetirementStep by Step Solution
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