The debits to Work in Process—Assembly Department for April, together with data concerning production, are as...

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Accounting

The debits to Work in Process—Assembly Department for April,together with data concerning production, are as follows: April 1,work in process: Materials cost, 3,000 units $7,200 Conversioncosts, 3,000 units, 80% completed 5,100 Materials added duringApril, 10,000 units 27,500 Conversion costs during April 34,600Goods finished during April, 11,500 units 0 April 30 work inprocess, 1,500 units, 60% completed 0 All direct materials areplaced in process at the beginning of the process, and the averagecost method is used to cost inventories. The conversion cost perequivalent unit (rounded to the nearest cent) for April is

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4.4 Ratings (745 Votes)

The question does not state whether to use FIFO method or Weighted Average method hence Answer to conversion cost per equivalent unit is given using BOTH the methods Answer as per FIFO See Answer

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The debits to Work in Process—Assembly Department for April,together with data concerning production, are as follows: April 1,work in process: Materials cost, 3,000 units $7,200 Conversioncosts, 3,000 units, 80% completed 5,100 Materials added duringApril, 10,000 units 27,500 Conversion costs during April 34,600Goods finished during April, 11,500 units 0 April 30 work inprocess, 1,500 units, 60% completed 0 All direct materials areplaced in process at the beginning of the process, and the averagecost method is used to cost inventories. The conversion cost perequivalent unit (rounded to the nearest cent) for April is