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MCS,MBA(IT), Pursuing PHD
Devry University
Sep-2004 - Aug-2010
Assistant Financial Analyst
NatSteel Holdings Pte Ltd
Aug-2007 - Jul-2017
Ready Company adds direct materials at the beginning of the process and adds conversion costs throughout the process. Data for the Finishing Departmentfollows:
| WIP, April 1 | 14,000 units |
| Transferredminus−in costs in WIP, April 1 | $79,940 |
| Direct materials (100%) in WIP, April 1 | $24,420 |
| Conversion costs (75%) in WIP, April 1 | $23,400 |
| Units transferredminus−in | 47,000 |
| Transferredminus−in costs during April | $550,900 |
| Units completed | 41,000 |
| April direct materials cost | $155,500 |
| April conversion costs | $239,250 |
| WIP, April 30 | 20,000 units |
| (100% for materials and 50% for conversion costs) |  |
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The cost per equivalent unit for conversion costs would be closest to
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