Question: Consider the following information Kilogram Percent Completed Cost Material Conversion Material Conversion WIP, May 1 60,000 70% 30% 1004,500 1105,000 Started into production during May

Consider the following information

Kilogram

Percent Completed

Cost

Material

Conversion

Material

Conversion

WIP, May 1

60,000

70%

30%

1004,500

1105,000

Started into production during May

540,000

WIP, May 31

120,000

75%

25%

Cost added during May

4610,000

1220,600

From the information given above

a) Compute the number of Kilograms completed and transferred out during May

b) Compute the equivalent units

c) Determine the cost per equivalent unit.

d) Compute the costs of completed goods and ending WIP

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