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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% $ $ 2.29 11.67 Cost in the beginning inventory of cupcakes Materials Conversion Cost added to production in September Materials Conversion $ S 10 50 1 Compute the equivalent units of cupcakes being made for both materials and conversion costs for Day 2 2 Calculate the materials cost and conversion cost per equivalent unit of cupcakes. 3 What is the total cost of Work in process, cupckacs at the end of Day 2? 4 What is the total cost of the cupcakes that are COMPLETED on Day 2
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