Maurice Tutor

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

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 11 Aug 2017 My Price 15.00

Kalox, Inc.,

Kalox, Inc., manufactures an antacid product that passes through two departments. Data for May for the first department follow:

  Gallons Materials Labor Overhead
Work in process, May 1 76,000 $ 68,400 $ 30,200 $ 41,900
Gallons started in process 719,000            
Gallons transferred out 740,000            
Work in process, May 31 55,000            
Cost added during May   $ 904,725 $ 372,370 $ 517,225

 

The beginning work in process inventory was 90% complete with respect to materials and 75% complete with respect to labor and overhead. The ending work in process inventory was 70% complete with respect to materials and 10% complete with respect to labor and overhead.

 

Assume that the company uses the weighted-average method of accounting for units and costs.

 

1. Compute the equivalent units for May%u2019s activity for the first department.

 

  Materials Labor Overhead
Equivalent units of production (Gallons)      

 

2. Determine the costs per equivalent unit for May. (Round your answers to 2 decimal places.)

 

  Materials Labor Overhead
Cost per equivalent unit $ $ $

Answers

Maurice Tutor
(5)
Status NEW Posted 11 Aug 2017 04:08 PM My Price 15.00

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