King Corporation produces a product that passes through two departments. Information for the first department for...

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King Corporation produces a product that passes through two departments. Information for the first department for April was as follows: Work in process, 1 April (4,500 units) $ Direct materials cost incurred (90% complete) 25,000 Conversion cost incurred (45%) 38,000 During April, 55,000 units were completed and transferred to the second department. The following costs were incurred by the first department during April: Direct materials Conversion cost 353,300 251,000 By 30 April, 4,000 units that 80% complete in direct materials and 70% complete in conversion cost were remained in the first department. King Corporation uses the first-in-first-out method. Required: a. Calculate the cost per equivalent unit of production. b. Calculate the cost of goods transferred to the second department during April. c. Calculate the cost of April's ending work-in-process for the first department. King Corporation produces a product that passes through two departments. Information for the first department for April was as follows: Work in process, 1 April (4,500 units) $ Direct materials cost incurred (90% complete) 25,000 Conversion cost incurred (45%) 38,000 During April, 55,000 units were completed and transferred to the second department. The following costs were incurred by the first department during April: Direct materials Conversion cost 353,300 251,000 By 30 April, 4,000 units that 80% complete in direct materials and 70% complete in conversion cost were remained in the first department. King Corporation uses the first-in-first-out method. Required: a. Calculate the cost per equivalent unit of production. b. Calculate the cost of goods transferred to the second department during April. c. Calculate the cost of April's ending work-in-process for the first department.

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Answer a Calculate the Cost per Equivalent Unit of Production To calculate the cost per equivalent unit of production we need to consider both direct ... View the full answer