Badgersize Company has the following information for its Forming Department for the month of August. Work in...

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Accounting

Badgersize Company has the following information for its FormingDepartment for the month of August.
Work in Process Inventory,August 1: 20,000 units
Direct materials: 100%complete $ 80,000
Conversion: 20% complete 24,000
Balance in work in process,August 1 $ 104,000
Units started during August 54,000
Units completed and transferredin August 56,000
Work in process (70% complete),August 31 ?
Costs charged to Work in Processin August
Direct materials $ 165,000
Conversion costs:
Direct labor $ 115,000
Overhead applied 144,000
Total conversion $ 259,000

Assume materials are added at the start of processing.
Required:
a. Calculate the equivalent units for theForming Department for the month of August.
b. Find the cost per equivalent unit of inputresource. (Round your answers to 2 decimalplaces.)

Answer & Explanation Solved by verified expert

4.0 Ratings (610 Votes)

HiLet me know in case you face any issue Answer as per BothmethodsWeighted Average methodIgnore the order of commas in amount Note Answers arehighlighted in Yellow Answer can be rounded as See Answer

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Work in Process Inventory,August 1: 20,000 units
Direct materials: 100%complete	$	80,000
Conversion: 20% complete		24,000
Balance in work in process,August 1	$	104,000
Units started during August		54,000
Units completed and transferredin August		56,000
Work in process (70% complete),August 31		?
Costs charged to Work in Processin August
Direct materials	$	165,000
Conversion costs:
Direct labor	$	115,000
Overhead applied		144,000
Total conversion	$	259,000