Marigold Company has the following equivalent units of production for July: materials 20000 and conversion...
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Accounting
Marigold Company has the following equivalent units of production for July: materials 20000 and conversion costs 15000. Production cost data are:
| Materials | Conversion | |||
|---|---|---|---|---|
| Work in process inventory, July 1 | $ 6000 | $ 2000 | ||
| Costs added in July | 46400 | 40000 | ||
The unit production costs for July are:
| Materials | Conversion Costs |
| $2.62 | $2.80 |
| $2.62 | $2.67 |
| $2.32 | $2.67 |
| $2.32 | $2.80 |
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