Mazomanie Farm completed 25,000 units during the quarter and has 2,900 units still in process. The units
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Question:
Mazomanie Farm completed 25,000 units during the quarter and has 2,900 units still in process. The units are 100% complete with regard to materials and 60% complete with regard to conversion costs. What are the equivalent units for materials and conversion?
Equivalent Units of Materials | |
Equivalent Units of Conversion |
Question 2
A company has 1,400 units in ending work in process that are 40% complete after transferring out 12,000 units. All materials are added at the beginning of the process. If the cost per unit is $4 for materials and $6 for conversion, what is the cost of units transferred out and in ending work in process inventory using the weighted-average method?
Cost of units transferred out | $ |
Ending work in process inventory | $ |
Related Book For
Cost Management Measuring Monitoring and Motivating Performance
ISBN: 978-0470769423
2nd edition
Authors: Leslie G. Eldenburg, Susan K. Wolcott
Posted Date: