Moravia Company processes and packages cream cheese. Thefollowing data have been compiled for the month of April.Conversion activity occurs uniformly throughout the productionprocess.
| | | |
| Work in process, April 1—12,000 units: | | | |
| Direct material: 100% complete, cost of | $ | 16,000 | |
| Conversion: 20% complete, cost of | | 3,900 | |
| Balance in work in process, April 1 | $ | 19,900 | |
| Units started during April | | 120,000 | |
| Units completed during April and transferred out tofinished-goods inventory | | 97,000 | |
| Work in process, April 30: | | | |
| Direct material: 100% complete | | | |
| Conversion: 25% complete | | | |
| Costs incurred during April: | | | |
| Direct material | $ | 300,800 | |
| Conversion costs: | | | |
| Direct labor | $ | 47,000 | |
| Applied manufacturing overhead | | 97,150 | |
| Total conversion costs | $ | 144,150 | |
|
Prepare schedules to accomplish each of the followingprocess-costing steps for the month of April. Use theweighted-average method of process costing.
Required:
1. Analysis of physical flow of units.
2. Calculation of equivalent units.
3. Computation of unit costs. (Round"Cost per Equivalent Unit" to 2 decimal places.)
4. Analysis of total costs. (Round"Cost per Equivalent Unit" to 2 decimal places.)
