Refer to the data in Short Exercise S20-8 and your results for equivalent units of production. The Mixing Department of Complete Foods has direct materials costs of $46,500 and conversion costs of $23,540 for October.
Compute the cost per equivalent unit of production for direct materials and for conversion costs.
Refer to the data in Short Exercise S20-8,
The Mixing Department of Complete Foods had 62,000 units to account for in October. Of the 62,000 units, 38,000 units were completed and transferred to the next department, and 24,000 units were 20% complete. All of the materials are added at the beginning of the process. Conversion costs are added evenly throughout the mixing process and the company uses the weighted-average method.
Compute the total equivalent units of production for direct materials and conversion costs for October.