Charlie ChairsInc., manufactures plastic moldings for car seats. Its costing system utilizes two costcategories, direct...
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Accounting
Charlie ChairsInc., manufactures plastic moldings for car seats. Its costing system utilizes two costcategories, direct materials and conversion costs. Each product must pass through Department A and Department B. Direct materials are added at the beginning of production. Conversion costs are allocated evenly throughout production.
Data for Department A for February 2017 are:
Work inprocess, beginninginventory, 30% converted200 units
200 units
Units started during February920 units
920 units
Work inprocess, ending inventory260 units
260 units
Costs for Department A for February 2017
are:
Work inprocess, beginninginventory:
Direct materials$150,000
Conversion costs$205,000
Direct materials costs added during February$602,000
Conversion costs added during February$433,000
What is the unit cost per equivalent unit of beginning inventory in DepartmentA? (Round the final answer to the nearest wholedollar.)
Answer is $4,167 but how do you get to that answer
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