Question: Tom & Harry make ice cream. Conversion activity occurs uniformly throughout the production process, and the following data is available for June. Required: a. How
Tom & Harry make ice cream. Conversion activity occurs uniformly throughout the production process, and the following data is available for June.
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Required:
a. How many units were started during June?
b. Calculate the cost per equivalent unit with respect to conversion for the month of June.
c. Determine the cost of the June 30 work-in-process inventory.
Work in process, June 1-15,000 units: Direct material 100% complete. $16,250 $85,000 190.300 conversion: 90% complete, cost of Units completed during June and transferred out to finishcd-goods invcntory Costs incurred during June Direct material $165,085 Conversion costs Applied manufacturing overhead Total conversion costs 76,300 S235,534 S311,834 Work in process, June 30-45,200 units Direct material 100% complete Conversion 75% complete
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a The inventory equation is Units in beginning WIP Units started Units completed and transferred out ... View full answer
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