Tom & Jerry Corporation processes and packages ice cream. The following data are available. Conversion activity occurs uniformly throughout the production process.

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. Clearly identify and label your finalanswer.

Transcribed Image Text:

Work in process. June 1-15.000 units. Direct material 100% complete, cost of $16,250 $85,000 190,300 conversion: 90% complete. cost of Units completed during June and transferred out to finishcd-goods inventory Work in process, Jume 3045.200 units: Direct material 100% complete Conversion 75% complete Costs incurred during June: Direct material Conversion costs: $165,085 Direct labor Applied manufacturing overhead $76,300 $235.534 $311.834 Total conversion costs