The Polishing Department of Major Company has the following production and manufacturing cost data for...

50.1K

Verified Solution

Question

Accounting

image
image
image
The Polishing Department of Major Company has the following production and manufacturing cost data for September Materials are entered at the beginning of the process Production: Beginning inventory 1.520 units that are 100% complete as to materials and 30% complete as to conversion costs units started during the period are 46,300; ending inventory of 6,800 units 10% complete as to conversion costs. Manufacturing costs: Beginning inventory costs, comprised of $20,500 of materials and $34 645 of conversion costs materials costs added in Polishing during the month $204,254 tabor and overhead applied in Polishing during the month. $126,100 and $258,340, respectively Compute the equivalent units of production for materials and conversion costs for the month of September. Materials Conversion Costs The equivalent units of production e Textbook and Media Compute the unit costs for materials and conversion costs for the month (Round unit costs to 2 decimal places, c.3.2.25) Materials Conversion Costs Unit costs e Textbook and Media Determine the costs to be assigned to the units transferred out and in process. (Round unit costs to 2 decimal places, e.g. 2.25 and final answers to O decimal places, e.g. 1.225.) Transferred out Ending work in process

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