1) what is the total number of units to be assaigned costs for direct materials? 2) For conversion costs? 3) Assuming Total Equilvalent Units of Direct Materials is is 50,000, find the direct materials cost per equivalent.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Inventory in process, January 1, 12,000 units:
Direct materials costs for 12,000 units
Conversion costs, for 12,000 units, 50% completed
Total inventory in process January 1
Direct materials cost for January, 82,000 units
Direct labor cost for January
Factory overhead applied for January
Total production costs to account for
Units transferred to Department B in January (includes units in
process on January 1). 90,000 units
Inventory in process January 31, 4,000 units. 50% completed as
to conversion costs
$40,000
15,000
$55,000
$550,000
$125,000
$18,000
$748,000
Transcribed Image Text:Inventory in process, January 1, 12,000 units: Direct materials costs for 12,000 units Conversion costs, for 12,000 units, 50% completed Total inventory in process January 1 Direct materials cost for January, 82,000 units Direct labor cost for January Factory overhead applied for January Total production costs to account for Units transferred to Department B in January (includes units in process on January 1). 90,000 units Inventory in process January 31, 4,000 units. 50% completed as to conversion costs $40,000 15,000 $55,000 $550,000 $125,000 $18,000 $748,000
1) what is the total number of units to be
assaigned costs for direct materials?
2) For conversion costs?
3) Assuming Total Equilvalent Units of Direct
Materials is is 50,000, find the direct
materials cost per equivalent.
4) Assuming Total equivalent units of
conversion costs is 1,000. find the conversion
cost per equivalent unit
Transcribed Image Text:1) what is the total number of units to be assaigned costs for direct materials? 2) For conversion costs? 3) Assuming Total Equilvalent Units of Direct Materials is is 50,000, find the direct materials cost per equivalent. 4) Assuming Total equivalent units of conversion costs is 1,000. find the conversion cost per equivalent unit
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