Hartwell Drug Company produces a supplement to improve bone density. Conversion costs are added evenly throughout the
Question:
Hartwell Drug Company produces a supplement to improve bone density. Conversion costs are added evenly throughout the production process. The following information is available for March:
Required
a. Compute the number of units completed in March.
b. Compute the cost per equivalent unit for conversion costs.
c. Compute the conversion costs included in units completed in March.
d. Compute the conversion costs included in units in process at the end ofMarch.
Transcribed Image Text:
Units (gallons) in process, March 1 (40% complete) Units started in March Units in process, March 31 (80% complete) Units 400 1,000 250 Costs Conversion costs in WIP, March 1 $36,000 6,000 102,780 49,000 Labor Overhead Labor costs in March (5,100 hours) Overhead in March
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