O Cost per Equivalent Unit The cost of direct materials transferred into the Rolling Department of Oak Ridge Steel Company is $468,000. The conversion cost for the period in the Rolling Department is $280,250. The total equivalent units for direct materials and conversion are 2,600 tons and 4,750 tons, respectively. Determine the direct materials and conversion costs per equivalent unit. Direct materials cost per equivalent unit: Conversion cost per equivalent unit: per ton per ton 7

O Cost per Equivalent Unit The cost of direct materials transferred into the Rolling Department of Oak Ridge Steel Company is $468,000. The conversion cost for the period in the Rolling Department is $280,250. The total equivalent units for direct materials and conversion are 2,600 tons and 4,750 tons, respectively. Determine the direct materials and conversion costs per equivalent unit. Direct materials cost per equivalent unit: Conversion cost per equivalent unit: per ton per ton 7

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Description: 0Cost per Equivalent UnitThe cost of direct materials transferred into the Rolling Department of Oak Ridge Steel Company is $468,000. The conversion cost for the period in the Rolling Department is $280,250. The total equivalent units for direct mat

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The cost of materials transferred into the Rolling Department of Keystone Steel Company is $510,000from the Casting Department. The conversion cost for the period in the Rolling Department is $81,200 ($54,700 factory overhead applied and $26,500 direct labor). Tht total cost transferred to Finished Goods for the period was $553,200. The Rolling Department had a Beginning Inventory of $25,000 Journalize the cost of transferred in materials.
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