Question
We know the following for April, for Department A: April 1, work in process: Materials cost, 3,000 units $ 7,200 Conversion costs, 3,000 units, 40%
We know the following for April, for Department A:
April 1, work in process:
| Materials cost, 3,000 units | $ 7,200 |
| Conversion costs, 3,000 units, 40% completed | 6,000 |
|
|
|
| Materials added during April, 10,000 units | $25,000 |
| Conversion costs during April | $30,800 |
| Goods finished during April, 12,000 units | 0 |
| April 30 work in process, 1,000 units, 40% completed | 0 |
All direct materials are added at the beginning of the process, and the first-in, first-out method is used to cost inventories.
The materials AND conversion cost per equivalent unit for April would be:
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The Controllers Toolkit
Authors: Christine H. Doxey
1st Edition
1119700647, 9781119700647
