Required

Calculate the cost per equivalent unit for each of the three cost units and in total

Calculate the cost of units completed in May and the final cost of inventory in process.

Units beginning of May 11,000
Units completed with respect to material 100%
Units completed with respective conversion 60%
Units that started in May 105,000
Units in progress at the end of May 31 5,100
Final units completed with respect to material 100%
Completed units with respect to conversion costs 70%
Inventory initial progress
Direct material 4,000
Direct labor 200
Overhead 300
Added cost in May
Direct material76,040
Direct labor 8,957.60

Answer rating: 100% (QA)

Answer Ans A Price per identical unit Total Cost of Direct Material 4000 plus 76040 equals 80040 Units completed with respect to the material Units in progress Percentage of completion 11000 5100 100 ... View the full answer