At the beginning of the month, the Painting department of Skye Manufacturing reported the following:
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Question:
At the beginning of the month, the Painting department of Skye Manufacturing reported the following:
Units Direct materials Percent Complete Conversion Percent Complete
Beginning work in process inventory 23,500 80% 20%
Units started this period 122,000
Units completed and transferred out 127,000
Ending work in process inventory 18,500 30% 15%
Production cost information for the Painting department follows.
Beginning work in process
Direct materials $ 29,400
Conversion 6,950 $ 36,350
Costs added this period
Direct materials $ 235,700
Conversion 590,015 825,715
If the company uses the weighted average method, compute cost per equivalent unit for direct material and conversion respectively for painting department.
Related Book For
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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