Question
Units Percent Completed Direct Materials Costs Conversion Costs Beginning work in process 10,000 90% $10,000 $30,000 Units started and completed during the period 50,000 Costs
|
| Units | Percent Completed | Direct Materials Costs | Conversion Costs |
| Beginning work in process | 10,000 | 90% | $10,000 | $30,000 |
| Units started and completed during the period | 50,000 |
|
|
|
| Costs added this period |
|
| $110,000 | $200,000 |
| Ending work in process | 20,000 | 30% |
|
|
| Units completed and transferred during the period | 60,000 |
|
|
|
Materials are added at the beginning of the production process. Conversion costs are added uniformly throughout the production process.
Assuming a FIFO flow of costs, what is Balartistry Companys computed total production cost per equivalent unit for work done during the period?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Fundamental Accounting Principles
Authors: John J Wild, Ken Shaw
25th Edition
1260247988, 978-1260247985
