Question: Computing Equivalent Production, Unit Costs, and Costs for Completed Units and Ending Inventory Precision nc anu a ures wns watches on an assembly line. The

Computing Equivalent Production, Unit Costs, and Costs for Completed Units and Ending Inventory Precision nc anu a ures wns watches on an assembly line. The work n process Inventory as a March 1 consisted a 1,000 watches hat were com plete as to mater als and 75% complete as labor and overhead The March 1 work n process costs were as allows: $ 5,000 5,000 $18,000 During the month, 10,000 units were started and 9,500 units were completed. The 1,500 units of ending inventory were complete as to materials and 25% complete as to labor and overhead. The casts for March were as follows: 20,000 48,000 a. Calculate the equivalent units for material, labor, and averhead, using the weighted average cost method Equivalent units Material Labor and overhead b. Calculate the unit costs for materials, labar, and overhead (Round your answers to two decimal places, if necessary.) Use rounded answers in subsequent requirements 11000 9875 Unit Costs Material Labor Overhead Total c. Calculate the cost of the units completed and transferred. 2.53 5.67 14.2 13490D d. Calculate the detalled cost of the ending Inventory e. Calculate the total of all costs atcounted for
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
