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vThe following information on the physical flow of units is available for the month of November. Beginning work in process (50% complete) 57,000 Started in
vThe following information on the physical flow of units is available for the month of November.
Beginning work in process (50% complete) | 57,000 |
Started in November | 600,000 |
Completed in November and transferred out | 560,000 |
Ending work in process (55% complete) | 97,000 |
Cost data for November show the following.
Beginning WIP inventory | ||
Direct materials costs | $ | 31,300 |
Conversion costs | 54,700 | |
Current period costs | ||
Direct materials costs | $ | 360,950 |
Conversion costs | 1,109,550 | |
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.
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