Reference no: EM132473296
Jessica Company manufactures hockey pucks and soccer balls. For both products, matenals are added at the beginning of the production process and conversion costs are incurred evenly. Jessica uses the FIFO method to calculate equivalent units.
Production and cost data for the month of August are as follows:
Production Data-Hockey pucks Units Percent Complete
Work in process units, August 1 620 70%
Units started into production 1,900
Work in process units, August 31 730 30%
Cost Data-Hockey pucks
Work in process, August 1 $1,100
Direct materials 2,090
Direct labour 1,130
Manufacturing overhead 1,390
Production Data-Soccer balls
Work in process units, August 1 350 90%
Units started into production 2,030
Work in process units, August 31 150 60%
Cost Data-Soccer balls
Work in process, August 1 $430
Direct materials 3,248
Direct labour 980
Manufacturing overhead 1,627
Question 1: Calculate the following for both the hockey pucks and the soccer balls: (Round answerss to the nearest whole dollar, e. y. 5,275. Round per unit costs to the 3 decimal places, e.g. 15.253.)
Point 1. The equivalent units of production for materials and conversion costs
Point 2. The unit costs of production for materials and conversion costs.
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