Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
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Category > Management Posted 26 Oct 2017 My Price 7.00

Work in Process—Department C,

Exercise E The following data relate to Work in Process—Department C, in which all materials are added at the start of processing:

Work in process – Department C: Inventory, March 1:

Materials cost (1,200 pounds; 100% complete)

$7,020

Conversion cost (20% complete) 1,804 Costs incurred this period:

Direct materials used (9,000 pounds) $36,330 Direct labor 10,880

Overhead 17,820

Inventory, March 31

Materials cost (1,800 pounds, 100% ? complete)

Conversion cost (1,800 pounds, 80% ? complete)

Pounds of product transferred out: 8,400

Using these data, compute:

  1. The unit cost per equivalent unit for materials and conversion (use the average cost method).

  2. The cost of the product transferred out.

Answers

Maurice Tutor
(5)
Status NEW Posted 26 Oct 2017 03:10 PM My Price 7.00

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