31.Michael Company had 2,000 units in work in process at January 1 that were 80 percent complete....
Question:
31.Michael Company had 2,000 units in work in process at January 1 that were 80 percent complete. During January, 15,000 units were completed. At January 31, 4,000 units remained in work in process that were 40 percent complete. Using the average cost method, how many units were started during January?
32.The records of Andrews Company reflect the following data:
Work in process, beginning of the month - 4,500 units; 1 / 3 completed at a cost of $2,400 for materials, $825 for labor, and $5,000 for overhead.
Production costs for the month - materials - $20,695; labor - $13,050; overhead - $41,500
Units completed and transferred to finished goods - 35,000
Work in process, end of month - 3,000 units; 3 / 4 completed
What is the unit cost for material?
Cost Accounting Foundations and Evolutions
ISBN: 978-1111971724
9th edition
Authors: Michael R. Kinney, Cecily A. Raiborn