Dairymaids 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 Cost per equivalent unit Transferred in $6 50 Direct Materials Conversion Costs $1 15 $1 25

Question: Dairymaids yogurt goes through two sequential processes in two departments: Fermenting and Packaging. Assume that in the Packaging Department, Step 4 of the process costing

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):

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

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?

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

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