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You are making cupcakes to sell on campus for a charity event. You planned to spend three nights to make 200 cupcakes and sell them
You are making cupcakes to sell on campus for a charity event. You planned to spend three nights to make 200 cupcakes and sell them during the day. Here is the information you gathered on Day 2.
Percent Complete | |||||
Units | Materials | Conversion | |||
Work in process, Ending of Day 1 | 20 | 80 | % | 70 | % |
Cupcakes started during Day 2 | 80 | ||||
Work in process, Ending of Day 2 | 30 | 70 | % | 40 | % |
Cost in the beginning inventory of cupcakes: | |||||
Materials | $ 2.29 | ||||
Conversion | $ 11.67 | ||||
Cost added to production in September | |||||
Materials | $ 10 | ||||
Conversion | $ 50 |
2. Calculate the materials cost and conversion cost per equilvalent unit of cupcakes.
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