Question
Whiporwill Pizza, a manufacturer of frozen pizzas, has the following data: Work in Process, October 1 10,000 units* Direct material $5,500 Conversion 17,000 Costs incurred
Whiporwill Pizza, a manufacturer of frozen pizzas, has the following data: Work in Process, October 1 10,000 units* Direct material $5,500 Conversion 17,000 Costs incurred during October Direct material $110,000 Conversion 171,600 * Complete as to direct material; 40% complete as to conversion The equivalent units of activity for October are: Direct material (weighted-average method) 110,000 Conversion (weighted-average method) 92,000 Completed and transferred out 90,000 Show the following: (1*4, 2*4, 3*3 = 21 marks) a. Compute the physical unit for October: b. Give the equivalent Materials units: c. Give the equivalent Conversion cost units: d. Give the completed units: . e. Give the per equivalent unit cost of materials: . f. Give the per equivalent unit conversion cost : . g. Give the per completed unit cost: h. Give the total cost of goods completed and transferred: i. Give the WIP conversion cost as on October end: j. Give the WIP material cost as on October end: .. k. Give the total WIP cost as on October end: .
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