Question: Only part B Exercise 3-8 (Video) (Part Level Submission) The Blending Department of Luongo Company has the following cost and production data for the month

 Only part B Exercise 3-8 (Video) (Part Level Submission) The Blending

Only part B

Exercise 3-8 (Video) (Part Level Submission) The Blending Department of Luongo Company has the following cost and production data for the month of April. Costs: Work in process, April 1 Direct materials: 100% complete $102,000 Conversion costs: 20% complete 71,400 Cost of work in process, April 1 $173,400 Costs incurred during production in April Direct materials $816,000 Conversion costs 372,300 $1,188,300 Costs incurred in April Units transferred out totaled 17,340. Ending work in process was 1,020 units that are 100% complete as materials and 40% complete as to conversion costs. (a) Your answer is correct Compute the equivalent units of production for (1) materials and (2) conversion costs for the month of April Materials Conversion Costs The equivalent units of production 18,360 17,748 SHOW SOLUTION LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Attempts: 1 of 3 used Earn Maximum Points available only if you answer this question correctly in two attempts or less. (b) Compute the unit costs for the month Materials Conversion Costs Unit costs $ $ By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Attempts: 0 of 3 used

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!