Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the blending department of luongo company has the

The Blending Department of Luongo Company has the following cost and production data for the...

50.1K

Verified Solution

Question

Accounting

The Blending Department of Luongo Company has the following cost and production data for the month of April. Costs: Work in process, April 1 Direct materials: 100% complete $125,000 Conversion costs: 20% complete 87,500 Cost of work in process, April 1 $212,500 Costs incurred during production in April Direct materials $1,000,000 Conversion costs 456,250 Costs incurred in April $1,456,250 Units transferred out totaled 21,250. Ending work in process was 1,250 units that are 100% complete as to materials and 40% complete as to conversion costs. Compute the equivalent units of production for (1) materials and (2) conversion costs for the month of April. Compute the unit costs for the month. (Round unit costs to 0 decimal places, e.g. 25.) Compute the unit costs for the month. (Round unit costs to 0 decimal Places Determine the costs to be assigned to the units transferred out and in ending work in process. (Round answers to 0 decimal places, e.g. 1,225.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students