Question
What is the equivalent units of production for materials in department X ? What is the equivalent units of production for conversion in department X?
What is the equivalent units of production for materials in department X ?
What is the equivalent units of production for conversion in department X?
What is the equivalent units of production for materials in department Y?
What is the equivalent units of production for conversion cost in department Y?
What is the unit cost for materials in department X? What is the unit cost for conversion cost in department X?
What is the unit cost for materials in department Y? What is the unit cost for conversion cost in department Y?
What is the total unit cost for materials in department X?
What is the total unit cost in department X? What is the total unit cost in department Y?
What is the total cost of completed and transferred out units in department Y?
Peter Senen Manufacturing Company has just completed its production activities for February 2019. The production manager furnished you their data for this month: Department Department y Quantity units: In process, February 1 16,000 10,000 Stage of completion 4/5 40% Started in process 64,000 Received from prior dept. 70,000 In process, February 28 ? 12,000 Stage of completion 2/5 2/3 Costs data: In process, February 1 P 21,020 P20,300 Current costs Materials 28,350 46,800 Labor 15,300 25,200 Manufacturing Overhead 9,180 14,400 In Department X, material application is described to you as follows: 10% is applied at the start of the process; 25% when the process reaches the mid-point, and the remainder, when the process reaches 85% completion. Labor and Overhead are applied evenly throughout the process. In Department y, the application of material is described as follows: 20% when the process is '1/4 completed; 30% when the process is '1/2 completed and the balance, at the end of the process. Both departments use the FIFO methodStep by Step Solution
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