FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Equivalent Units, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process

The blending department had the following data for the month of March:

Units in BWIP
Units completed 21,600
Units in EWIP (60% complete) 2,250
Total manufacturing costs $82,620

Required:

1.  What is the output in equivalent units for March?
equivalent units

2.  What is the unit manufacturing cost for March? Round your answer to the nearest cent.
$per unit

3.  Compute the cost of goods transferred out for March.
$

4.  Calculate the value of March's EWIP.
$

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