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 (30% complete) | 2,250 |
Total |
$82,418 |
Required:
1. What is the output in equivalent units for March?
fill in the blank 1 equivalent units
2. What is the unit manufacturing cost for March? Note: Round your answer to the nearest cent.
$fill in the blank 2per unit
3. Compute the cost of goods transferred out for March.
$fill in the blank 3
4. Calculate the value of March's EWIP.
$fill in the blank 4
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