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Transferred-In Cost Golding's finishing department had the following data for July: Transferred-In Materials Conversion Units transferred out 60,000 60,000 60,000 Units in EWIP 15,000 15,000
Transferred-In Cost
Golding's finishing department had the following data for July:
Transferred-In | Materials | Conversion | |||
Units transferred out | 60,000 | 60,000 | 60,000 | ||
Units in EWIP | 15,000 | 15,000 | 9,000 | ||
Equivalent units | 75,000 | 75,000 | 69,000 | ||
Costs: | |||||
Work in process, July 1: | |||||
Transferred-in from fabricating | $2,100 | ||||
Materials | 1,500 | ||||
Conversion costs | 3,000 | ||||
Total | $6,600 | ||||
Current costs: | |||||
Transferred-in from fabricating | $30,900 | ||||
Materials | 22,500 | ||||
Conversion costs | 45,300 | ||||
Total | $98,700 |
Required:
1. Calculate unit costs for the following categories: transferred-in, materials, and conversion. Round your answers to the nearest cent.
Unit transferred-in cost | $ |
Unit materials cost | $ |
Unit conversion cost | $ |
2. Calculate total unit cost. Round your answer to the nearest cent. $per unit
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