Georgia Products Inc. has completed and transferred 185,000 particleboard production from the Press Department. There was no
Question:
Georgia Products Inc. has completed and transferred 185,000 particleboard production from the Press Department. There was no initial inventory in progress in the department. In-process inventory finished was 16,000 units completed at 1/2 the cost of conversion. All materials are added at the beginning of the process. The direct materials cost was $522,600, the direct labor cost was $109,430, and the applied factory overhead was $25,670.
Specify the following for the Press Section. Round "cost per equivalent unit" responses to the nearest percentage.
A. Total conversion cost | $ |
B. conversion cost per equivalent unit | $ |
C. Direct material cost per equivalent unit | $ |
2)
The following information relates to production in the Bakery Department for the month of March. All direct materials are processed at the start of production.
ACCOUNT Work in Progress—Cooking Department | HESAP NO. | ||||||||
History | Element | debt | Credit | Balance | |||||
debt | Credit | ||||||||
Mart | 1 | Bal., 6,900 units, 4/5 completed | 15.318 | ||||||
31 | Direct materials, 124,200 pcs | 211.140 | 226.458 | ||||||
31 | direct labor | 55.350 | 281.808 | ||||||
31 | factory load | 31.128 | 312.936 | ||||||
31 | Finished products, 126,000 units | 302.124 | 10.812 | ||||||
31 | Honey. ? units, 3/5 completed | 10.812 |
A. Based on the above data, determine each cost listed below. Round "cost per equivalent unit" responses to the nearest percentage.
1. Direct material cost per equivalent unit. | $ |
2. Conversion cost per equivalent unit. | $ |
3. The cost of starting work in the process completed in March. | $ |
4. Cost of units started and completed in March. | $ |
5. Completion cost of work in progress. | $ |
Financial and Managerial Accounting
ISBN: 978-1285078571
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac