Dairymaid’s yogurt goes through two sequential processes in two departments: Fermenting and Packaging. Assume that in the Packaging Department, Step 4 of the process costing procedure indicated the following costs per equivalent unit (cases of yogurt):

a. How much did each case of yogurt cost to make, from start to finish?

b. If each case sells for $20, what is the gross profit per case?

Transcribed Image Text:

Cost per equivalent unit Transferred-in $6.50 Direct Materials Conversion Costs $1.15 $1.25